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To: McNabb Brothers who wrote (7783)12/19/2000 6:19:37 PM
From: Sig  Respond to of 13572
 
Hank:
>>>If after hours is an indication tomorrow morning will be bad! Could tomorrow be the wash out? If we break 2500 will
you get out or will it have to close below 2500? I'm lost!>>
Other countries liked US securities also, guess they will be unhappy tomorrow too.
If you get another Christmas gift from Mr G, I would soak it in water before opening.
Then maybe its just year-end tax loss selling. If you buy that, then I have this fabulous bridge for sale......
But the good news is Nas futures up 500, which means we only effectively lost 10,700 today.
Sig



To: McNabb Brothers who wrote (7783)12/19/2000 9:13:10 PM
From: Boplicity  Respond to of 13572
 
I really don't know anymore, it's beyond me. I would be remiss to comment about it other then following. The market is being sold down so far that finding the time to get back will not be a problem, there will be plenty of time to do so. I see no hurry and I see no point in catching the exact bottom unless that's your thing, it just seem too dangerous to try to time it.

greg



To: McNabb Brothers who wrote (7783)12/19/2000 9:23:02 PM
From: Boplicity  Read Replies (2) | Respond to of 13572
 
re: Lost.

Me too. I best to walk away from it when that happens, I
m glad I'm largely out, I wish I was all they way out, I feel like I'm seeing false indicators of what I normally look for. It's time to look at the put to call ratio and bull/bear ratio and vix, etc etc. maybe juju bead and how they stick to your teeth, anything, I have an open mind. <g>

Greg



To: McNabb Brothers who wrote (7783)12/19/2000 11:55:13 PM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
Hank, what is your take on the market, now that FED did nothing.

I expected nothing, ut we got worse than nothing IMHO.
Stupid comments about being more worried about inflation than a recession.

What the hell was that all about, other than what I suggested in the first place: Greenspan wants to kill this market cause it ain't dead enough.

Hard landing at best, more like very hard recession.
Guesses now?

Sold my puts too damn early.
At least I am 90% cash and 10% puts. Beats the hell out of being long.

M