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Pastimes : Trading the markets..... -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (1903)	12/14/2000 3:41:24 PM
From: Real Man	Read Replies (1) \| Respond to of 4583

Shit happens. In 1997 in Russia the index dropped 50% before the presidential election or something like that (between communist and non-communist). Then it went up on election news, producing a fake-out bottom. Then dropped 90% from there + 80% currency devaluation. 98% of banks went bankrupt. When most big players hold derivatives, beware. I suspect 90-95% DOWN is the word for NASDAQ (from top) in the end. And folks will stop saying on TV how cheap stocks are . -ng- In other words, when the index goes down enough, it may just keep going down until all the garbage is out.