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To: marginmike who wrote (91058)1/2/2001 9:35:39 PM
From: limtex  Read Replies (1) | Respond to of 152472
 
mm - Today is the worst day since the crash started, or at least thats what it seems like.

The threads are deathly quiet, even Yahoo and Raging Bull. I think people are in state of shock. I know I am!

Larry King has a fianacial planner on. She reminds everyone that if it comes down 50% it needs then to go up 100% to get back to where it was!. The she is very emotional about what has happened and advises that its proably too late to get out now. She also sees the need for Greenspan to cut and cut now.

One thing is clear and that is that whatevre else it is this thing is of historic proportions. I still believe that the entire mess is caused by Greenspans irrational obsession with the NAZ and that if he were to stop or more probably if someone in authority can see to it that he is over-ruled then the market will stabilize and even recover some.

Sitting and waiting as he is doing is nothing less than financial vandalism on a gigantic scale.

Best regards,

L



To: marginmike who wrote (91058)1/3/2001 3:27:44 PM
From: Nichols  Read Replies (1) | Respond to of 152472
 
<<I am buying GOLD stocks and XAU.X and am neither long nor short anything. ...THERE will be no .50 cut. Only .25 and the market is looking for .50 >>>
Perhaps you'll look at the NASDAQ to invest a couple of those dollars?