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To: pater tenebrarum who wrote (65530)	9/30/1999 6:49:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 86076

well, except for luc, no one expects dow at 6k either...

To: pater tenebrarum who wrote (65530)	9/30/1999 7:04:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

somebody expects it.. index put/call ratio today was a fairly optimisitic 1.06 207.69.66.114 what do they not expect? gold to go to $400, oil to crash back to $15, treasuries to crash to 7 or 8%, dollar to drop back to 1996 levels against most foreign currencies, and stocks to collapse to 5000. see some clowns see that stocks look sick, but they are still playing the deflation game so they think they are hedged w/ bonds (incorrectly i might add) so additionally they bought UTY today which to them was a bargain and to me was a precrash hitch.... obviously everybody thinks they see the answer, but it will unfold in a way that screws the most people.. how's that you ask? what goes up, must be the asset the fewest people own... gold, what goes down will be everything else.. bonds and stocks and the buck. bond yield broke over its downtrend line yesteday and reversd back to kiss it goodbye today.... tomorrow it gaps on the NAPM i'd bet and gold rallies again... we'll see...... maybe i am the clown? -g- we'll know very soon, but i have found NOBODY preaching my speech, so that tells me i am right. imagine all the people buying bonds right now thinking in their heads... this looks like 1987... (its NOT 1987) in 1987 inflation was the big fear. many owned gold, in fact they were so scaed of it that goldshares rallied and peaked months before the collapse.. compare to now. bonds were under owned then, now most clowns only think in two asset classes.. bonds and stocks (in $ of course) Rydex ratio makes that pretty apparant. confidence in clown government is high... in 1987 we were only 7 yrs from supreme pessimism on America when we had rampant inflation and a peanut farmer couldn't get our hostages back from some rummy country in the middle east..... this is not 1987 get ready to rumble.... (of course if we rally tomorrow...... i will disavow all knowledge of this message... and say i knew we would bounce -g- (cuase if we do, the naz is going to new highs and the DOW will put in a rt shoulder.... could take another month... I hope sure not.... this bull is wearing thin on me) btw- internut failed ramp-job yesterday confirmed by trappy TONS (see the vol) of morons who thought they were blasting of to new highs. similarly today the indexes closed off their highs and traded BIG vol thus trappingmore clowns piuling on for the qtr end ramp job. this wil be the first time i am aware of that YHOO peaked days BEFORE its earnings were released.