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Non-Tech : Invest / LTD

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To: Thean who wrote (1567)	8/5/1998 10:50:00 PM
From: Lucretius	Read Replies (1) of 14427

Thean, where ya been? Big caps are down 10%. Many that I own puts on are down much more. It will get much worse. Be assured. Watch the dollar. As it sells off so goes our stock and bond mkt. Interesting that both the bond and stock mkt were selling off when things started to get out of hand to day? This mkt is in liquidiation, IMO. If you are long, get the hell out. You saw how fast a buy program moved the DOW 150 points in about 15 minutes. Curbs preventt sell programs once we're down (which is mkt manipulation BTW- since mkts tend to fall faster than they rise, the trade offf of not allowing buy programs to the upside dows not have the same impact. When was the last time you saw the DOW crash-up 3000 points casue of frenzied buyers?-- this is probably one of the reasons this mkt has gotten so bloated) However, natural selling could take this thing down in a real hurry. I'm going to go out on a limb early here and say this rally may not be as big as everyone thinks or as long. My guess is we may flag here much like we did at the 8900 level before plunging again. Good luck! -Lucretius

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