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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (79535)	4/14/2000 3:23:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

Earlie. >>Monday will be a blood bath. I was at the airport this morning and the folks through out the airport were watching the CNN broadcast. All I heard was people saying they were going to get out of their mutual funds. One guy was on the phone telling his broker to cash out of every thing. I suspect mutual funds will have some redemption's to take care of on Monday. BWDIK, Joan

To: Earlie who wrote (79535)	4/14/2000 4:02:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Well, what do think, Earlie? Is this enough of a last-minute bounce to take some sting out of this and set off some kind of rally on Monday? Looks like it's still going into the record books as the second biggest percentage drop ever and by far the largest point drop ever on the Nasdaq. But you know those bulls.

To: Earlie who wrote (79535)	4/14/2000 8:11:00 PM
From: Skeeter Bug	Respond to of 132070

earlie, if rmbs stock's ascent meant it was going to take over the world... what does its descent mean? ;-)

To: Earlie who wrote (79535)	4/15/2000 6:15:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 132070

Earlie, I am not sure the Junior golds will be a good place to hide, that is fighting "the last war". I still see nothing on the horizon that will make gold very attractive and it sure has lost its role as "currency of last resort". As for the dollar, yes, until we get back to a more rational balance of payments or call it lower trade deficits, it will weaken further, but against the yen, apart of a sharp possible climactic excursion to around 85 y/dollar, I think we will stabilize no far (10%) under the current levels. By the way, Monday or Tuesday, you may finally want to consider covering those bearish bets on RMBS, of course, if it breaks under the $110 to $117, you may want to rush and reestablish these, but for the time being, I think that a 75% haircut from its high and back to its breakout is about right. Oh, if $110 is breached, I think you'll be pretty safe to just under $70, and then, well, a lot of blood will flow through Wall Street's canyons by then, and there surely be enough time to reevaluate. Zeev