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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (20201)	9/8/1998 4:41:00 PM
From: Andeveron	Read Replies (2) of 50167

>> when you have shorts with tended necks the pits take them out, we knew it al along and played accordingly. << In other words, today we witnessed the mother of all short squeezes that knocked out a lot of greedy bears who had gotten complacent over the past couple of weeks of down days and selling into strength. A bull rampage of epic proportions was the medicine against the bear malaise... In still other words, nothing has changed fundamentally in the world economy, just that the squeeze became a momentum monster that took out all stops and wiped out futures players who were short the Dow and S&P. Just got a call from my golfing buddy who lost ~$150,000 sitting short on futures. Thought the rally was a bull trap. Now licking wounds and preparing for tomorrow...

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