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To: SliderOnTheBlack who wrote (65976)	5/10/2000 2:43:00 PM
From: Think4Yourself	Respond to of 95453

re: "Q" your simplistic comments of Financials having credit card & speculative loan exposure is inane. There are numerous Financials with virtually inconsequential credit card, or speculative loan exposure No offense meant but didn't you learn from the last two years? One could make the same type of comments about any industry, for example the oil industry. Many folks on this thread, including yourself, made that type of argument for stocks in this industry. As we all know in retrospect, It didn't matter one bit! That's not to say the argument is wrong, it is just irrelevant. When folks get spooked by an industy, ALL the stocks in the industry suffer. When the media starts talking about personal bankruptcies and massive loan writeoffs, you just watch how fast investors head for the financial exits!

To: SliderOnTheBlack who wrote (65976)	5/10/2000 2:50:00 PM
From: gravity rules	Respond to of 95453

SOB I do not feel .50 is an absolute. I believe with todays market .25 is quite possible. SESI holding solid and I am adding. GMST CMGI look good! A small home-town co. worth mention...AI. It has indeed been a wonderful 'OIL PATCH' run. SESI 15ish mid summer. jmho

To: SliderOnTheBlack who wrote (65976)	5/10/2000 3:47:00 PM
From: MetalTrader	Respond to of 95453

I disagree completely that the fed cannot raise rates further after a 50 bp move next week. the underlying inflating of previously severely deflated economies in asia and latin america is in the interest of those economies will be putting on continued significant inflationary pressure. Additionally labor costs combined with decelerating productivity gains will produce an tightening bias in the fed's statement in my opinion. The core CPI has been accelerating for seven months rising from 1.5% pace in august to 2.2% in march. Given the 5.5% annualized productivity growth over 2nd half '99 further acceleration in productivity gains are unlikely. Greenspan's labor cost fears are coming to fruition. Additionally the weakness in the euro appears to be bottoming and there could well be a swing from strength to weakness for the dollar during this year which will not merely allow greater latitude in advancing interest rates but compell it to finance the country's current account deficit. Rather than expecting that this will be last of the rate hikes, I would contend that they are barely half way done. MT

To: SliderOnTheBlack who wrote (65976)	5/10/2000 5:11:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Slider, check me if I'm wrong, but I believe I said I wouldn't be surprised if The markets saw a substantial rally the day of the hikes, not before. Since I still have a hefty cash position it is somewhat immaterial to me wether it is today, tomorrow, or next week that the bottom is reached. I ain't sweating it at all here. Cool as a cucumber. What is important is that every sell off brings the market ever closer to those extreme sentiment readings I spoke of. And guess what? A MAJOR bottom is very near. VERY near. I still stick to the mid May timeframe. Dow 10000? I don't really know. All that is needed now is for a nice final pop up in the bearish sentiment, and over all market risk will be CONSIDERABLY REDUCED. It could come any day. Almost there: stockcharts.com I really have to like the OSX here. It has the relative strength - tech does not. I don't expect much out of tech until the fall. The computer biz is approaching the summer doldrums and I don't see any new products out there that will really jazz people up. Computers are are a huge segment of tech in pure volume terms. Having said that the new Sony Playstation will KILLLLLL. ;o} But that is a Christmas story, right? C'mon Slider, you've gotta give the ole OSX some credit here. It's holding up very well, while on a relative basis tech is doing it's best imitation of "I'm falling and I can't get up". If I felt the OSX was immune to selling I would not have so much cash. My views are moving ever closer to those of Jim_p. I want my OII. I long to be reunited with the "Immortal Beloved", the only OSX stock you can take home to Mom! ;o} Bull