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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (12863)	10/27/1997 4:20:00 PM
From: Logain Ablar	Read Replies (3) of 50167

Ike & Tread: Just my 2 cents. Today was a panic as well as margin calls continuing to force investors to sell in weakness. Will probably continue into tomorrow unless we have some verbal support from the Fed and government. From one perspective a lot of people will welcome the "correction", we finally have the magical 10%, and this quick drop takes the irrational exuberance out. I don't think a drop like this was what AG had in mind when he tried to talk down the market and from a personal side I hope he talks about the good fundaments soon. Enough on this I can only wait and watch now. Still standing but much bloodied. Tim

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