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Non-Tech : Invest / LTD

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To: Thean who wrote (1240)	7/21/1998 5:57:00 PM
From: Lucretius	Read Replies (2) of 14427

sorry, we were closing on a deal. We just dumped off a lumber co onto some sucker that thinks the economy is going keep roaring forever...he's in for a shock. What can I say? Today was nice, but I don't think we've seen the top. We should get one last move to new highs before it is over. Those MSFT puts I bought last week sure do feel nice right now (G) Compare those charts again from '29 and today. It is SCARY how similar the topping formations are. Did you ever look? My broker said that some guy named Capiello was on CNBC saying that a rate hike by the Fed is all wrong because we are in uncharted territory here. He said: "we have no enemies, an abundance of goods......" Basically he described the conditions in 1929 to a "T" and the moron didn't even know it. The indexes should make one more move up, but this could be the top? Prepare your positions!! Also- after the bell DIS missed estimates and HWP vomitted up another earnings warning. Good grief this mkt is going to get UGLY!!! -Lucretius

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