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To: Kayaker who wrote (45041)	10/16/1999 11:48:00 PM
From: Don Edgerton	Respond to of 152472

A conspiracy theory to contemplate. Scare a lot of people. They sell their mutual funds. Funds bail selling their more liquid stocks - likely the winners. (Funds tax cut off is end of October.) Funds distribute a lot of capital gains in December. Investors sell in panic to lock in gains. Psychology usually has one selling their winners rather than losers. Big winner the tax man and Gore showing continued "surpluses" going into the election. Sell off may also be designed to help some of the hedge funds who are in trouble for shorting the high flyers. Their may be another LTCM lurking.

To: Kayaker who wrote (45041)	10/16/1999 11:51:00 PM
From: Ponderosa	Read Replies (1) \| Respond to of 152472

What's this? No one posted for 9 hours... everyone must be depressed I guess. Hopefully that is not true... better to be enjoying a fine wine with friends on a Saturday night. Never mind guys, these market downer things happen.. keep your chin up! Unless the world ends, the Q will be OK. Just keep in mind that everyone who earns a living being a guru seems to say just now, that we have to have a correction in October. They have to make sure that their prophesy proves true... Nevertheless, it also seems that these experts all plan to get back in when everyone else does, but just now, they have chosen to be idiots. Hang tough, I say! BWWIK...

To: Kayaker who wrote (45041)	10/17/1999 12:39:00 AM
From: Kayaker	Read Replies (1) \| Respond to of 152472

Dang! We're back! Another indicator, from weekly options article in Barron's.... The stock market's sharp break Friday in response to Greenspan's growlings and some inflationary data generated a relatively rare bloating of index-option prices on an expiration day, when implied volatility tends to be dampened. The CBOE's Volatility Index, a measure of investors' demand for protection, shot to an intraday high above 35 at the open, territory not seen since January 15. The last time the VIX breached the 30 mark, on September 24, it was mentioned here that it's been a pretty good indicator that the market was prone to rally over the short term. And in the two weeks following that session the Standard & Poor's 500 Index managed to climb 4.6% to its recent high of 1336 on October 8, before beginning the current selloff. interactive.wsj.com <requires subscription, but I pasted all the good stuff>