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Non-Tech : Invest / LTD
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To: The Perfect Hedge who wrote (2610)9/7/1998 4:46:00 PM
From: Lucretius  Read Replies (2) of 14427
 
such a rise and such talk are needed in order to have a crash. It must be "unexpected." People must stand around as it drops saying "this can't be happening? Why is this happening? afterall... ????"

my guess is the afterall is "the Fed is going to cut rates and you can't have a bear mkt w/ low interest rates."

but they're wrong. Just like Japan was in 1990 and we were in 1929.

GET READY TO RUMBLE!

TUES may just go down. GLOBEX trading could have served as the pop. But in any case, it doesn't matter to me as long as it goes down. I own all L-T puts. Not greedy enough to try and time Septembers. I'll say this though, never have so many smart people I know said this week is likely for a crash and never have I seen sentiment so ripe for one: ie-- everyone is VERY nervous and suddenly hope is renewed for the briefest second (Fed rate cut) to make them off guard... then the hammer comes DOWN!!!!

-Lucretius
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