VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (20294)	11/28/2000 9:25:14 PM
From: limtex	Read Replies (1) of 65232

Vol - This is going to be a historic week. The sentiiment, the election, the Fed, the economy are all in line to produce a historic collapse. The legal wrangling this evening was like looking into a quagmire that could go on interminably. There is a process in progress but the process and the fight and the clearly evident and this evening visible strategies and the tempertature arre beginning to match the importance of what is at stake and I guess that will just heat up further. It is also clear that the legal system is begining to creak under the strain. The poor judge this evening and Mr Greenberg. Still tomorrow my guess is that we see the beinning of the once in a lifetime 'corrections' that someone one SI coined that phrase for a couple of weeks ago. The sheer scale of the collapse in tech so far is staggering. The NAZ is nearly 50% below the March high and it is over 35% lower than it was around Labor Day. It is regularly falling 5% per day and we are thankfull when it is only 5%. IMHO we will be lucky if the NAZ is above 2,000 by the end of the week and we have a weekend full of Court Hearings and next week anoterh week full of Court including the Supreme Court. Did you see how many documents the SC asked the Florida SC for today. By the end of the weekend they will have thousands of documents, rules and evidence to go through. It is beginning to take on a life of its own. A recount is one thing and I didn't think a series of recounts could affect the market all that much but this is a whole different ball game. Although it is PhD level democracy in action people around the World just won't understand or rather markets won't understand. We are facing a massive buyers strike and probably the greatest crash of a stock market in history. The NAZ is going to be singled out and we are going to get whacked, even more, dare I say much more than we already have. What a mess. At the end of the week and then next week anyone heavily into the NAZ is going to have their net worth reduced or eliminated and the consequences are going to be awful and wide spread. Seems more than just mm got out in March. Lucky the ones who did. Sauve qui peut, Best regards, L

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