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To: Crimson Ghost who wrote (56865)	12/14/1999 2:08:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

George, no problemo on the Simmons piece, glad to be of service. Yes, the Naz is showing continued strength. However, rates are reacting strongly to retail sales, 6.4 will be retested soon. A break to 6.5 would be very bad indeed. Good CPI news was totally ignored. Totally. Todays price action in crude signaling good API's? We'll see. We are entering that part of the year when all those tax shenanigans happen with crude and products. Remember that 10 million draw last year?

To: Crimson Ghost who wrote (56865)	12/14/1999 3:43:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 95453

OT: re: "End is approaching but not yet" I bought a bunch of Nasdaq 100 puts with the second Fed hike, and more the day of the third hike. Then watched in disbelief as the most overvalued sector (of a market at record valuation levels) soared up. What's it going to take to crack investor overconfidence, and put fear in the hearts of momentum guessers and daytraders? I mean, we've already had 3 fed hikes, and the consensus is more hikes early next year. Inflation bottomed in early 1998, and the CPI has gone from 1.4 to 2.6. Yet the S&P 500 is at a trailing PE of 31, which is higher than in 1929. What's it going to take?