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To: Lucretius who wrote (73510)	11/3/1999 6:46:00 PM
From: BGR	Respond to of 86076

... or if we go back to the way things were and gold declines, and stocks melt up ...

To: Lucretius who wrote (73510)	11/3/1999 6:51:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Luc, i can't help but think that sheer momentum, short covering and delta hedging will continue to exert upward pressure on stocks... i fear the ECB will once again do the gutless thing tomorrow...and even if it doesn't, the markets will ignore it.the current swing the mania is in will not stop so soon...maybe after Nov. expiration we'll see a pullback and then it's off to the 'Santa rally'. as far as the charts of the indices are concerned, some look bullish, and some a little less so...i just don't see what could possibly sink this 'all news is good news' and 'fundamentals be damned' market right now. everything is 'factored in' already. the mania roars on unabated....