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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (36298)	5/28/2000 7:34:00 AM
From: re3	Read Replies (1) \| Respond to of 42523

Message 13790184

To: LLCF who wrote (36298)	5/28/2000 7:02:00 PM
From: robnhood	Read Replies (3) \| Respond to of 42523

All this bullish talk on this thread and around has got me a little nervous about my June puts--- So I've been surfin around a bit and found something--- First what this guy says--- Caveat-- This guy has never varied from this scenario in two years-- <<JP (A Dow closing below 9500 will confirm run away deflation) ID#10841: Copyright ¸ 2000 JP/Kitco Inc. All rights reserved A financial panic may have started and will be confirmed as the Dow breaks 9500. Mutual funds are very low on cash and last week investors redeemed $700M from equity funds. Over 70% of estimated trading on the NYSE has been by the mutual funds and they are forced to sell stocks. The long "bear" period is here and this is the time to play it very safely. Majority of investors have been trapped and have substantial losses in their portfolio's. This week GM sold at 70. Very important! The action of GM is the handwriting on the wall. Auto's sales are declining and the computer/software/electronics industries may have reached a peak as evidenced by the 6.2 % declined last week in durable goods. As the economy weakens. the long bond will rise in price and it's yield will decline. A close below Dow 9500 will start the dreaded net, pure runaway deflation where all prices, interest rates and wages EXCEPT for gold will decline. Currencies will become worthless unless backed by gold. As economies around the globe weakens, trade wars will intensfy as countries try to protect their domestic economies. People living today don't really understand what runaway deflation means but very shortly they will know all about it as markets crumble and a global recession takes over. And I forgot about this until he pointed it out-- As GM goes, so goes the market-- ---have a look--- 207.61.23.98