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Politics : Idea Of The Day
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To: Jerry Olson who wrote (13062)10/28/1997 10:04:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
OJ- This time no fooling around- I will short the index at a certain level- no more playing with fire-87 is history and I tell you no one has the cajones to short this darn thing- the most important time was today when INTC IBM COMS were like pariah stocks- they could not do it- and now we will work within normal parameters 7500 and 8250- for me this is goiong to be a different ball game- everyone is expecting this to be a dead cat bounce- they just like me (gggg) believe their luck- OJ once beaten twice shy.

87 HK was closed for five days- world markets were in total panic and like repentent children money did not come back to the markets- OJ look at the charts we had a tryst with disaster 'mountain of irrational' exuberance is chipped out- tell me who would be the most satisfied man- AG- he got what he wanted -he got a go at all additional valuations he delayed the march too 10000 by 6-8 quarters -giving ample room for earnings to grow- he got his P?E's below 21 and he does notneed to worry about strong numbers- although ECI was .8 we still had a rally- it is now like low priced earnings- NAPM will be strong the market will sell but come back up- we need now couple of months of stronger numbers. Thanks OJ- I like your posts too- you are always gentle and polite even amidst fireworksgggg
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