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To: Think4Yourself who wrote (74156)9/22/2000 7:58:16 AM
From: jim_p  Read Replies (2) | Respond to of 95453
 
I sure am glad I have 10% of my portfolio in Gold. The Euro is up 4%, gold is up $3.60 in after market trading, and the Naz is down the limit. Gold has been a high as $277.80, up $4.00.

I was hoping to be at 25% gold and 25% oil and 50% cash before this happened, but I guess I'll have to settle for 10%/90%/0%.

Should be a day full of opportunities.

Jim



To: Think4Yourself who wrote (74156)9/22/2000 8:13:32 AM
From: Roebear  Respond to of 95453
 
John Q Public,
RE: "The big question is whether the panic will spread beyond tech or will money simply move out of tech. Either way today's action should greatly diminish the odds of a near term crash, unless today IS the crash."

Well and succinctly put, that is the question. As to diminishing the odds of a crash, money on the sidelines or not, I think that is still the question.

A lot of traders talking last night about the probability of not being able to trade online or get through to their brokers. And so the anti-Euphoria (panic, ggg) potential is there. Whether it develops or not I believe may depend on the effects spreading into currencies, derivatives and such.

I don't believe INTC itself is enough to tank the market, not by a long shot. But if it spreads it may definitely effect derivative positions that CAN tank the market.

In which case we may dub it the Slider Scenario.

VBG, maybe VB(un)G

Roebear