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Non-Tech : Invest / LTD

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To: 007 who wrote (5164)	11/7/1998 6:44:00 PM
From: Lucretius	Read Replies (2) of 14427

nice post. You're right... I'm an awful trader; that's why I don't do it (G) Hope all understand this when I make moves. I'm often early... but never late. (G) Every now and then I even call tops on the nose, but that's just luck. anyone who tells you differently is selling something. bigger the pop, the bigger the drop... EXACTLY. My target of DOW 4000 is still in effect by Yr-end IMO. the decline will come w/out warning or reason and be fast. By the time we can attach specific news to the decline, we'll have already completed 50% of the drop. I warned many for 2 months before the decline began in July (admittedly early), and I am doing it again. I (or anyone else) won't know when the next downturn is coming until AFTER it has begun (and very likely 800 points form the 2ndary top we're putting in. Anyone that remains long in this mkt is playing w/ fire IMO. Unless you're in the circus, you'll probably get burned (G). -Lucretius BTW- the utilities should crash by the end of next week at the latest (could be this week). If you haven't picked out your favorite dog to short... get on it. SELL ALL BONDS... (they will crash at the same time and cause the bomb in the UTIL- BTW. My target is 7% on the 30 yr bond.)

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