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To: ild who wrote (71460)	2/24/2001 4:26:11 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 436258

ild, >>Do you think we should soon expect lots of warnings of SP500 companies? Yes, but I don't know for sure if the majority of them will have to confess this quarter. A lot of the companies can paper over problems for a while, like the financial sector. We know that they are already doing this, but when will Wall Street have to admit there are problems and start to down grade the stocks. Wall Street is still selling hope that the rate cuts from the FED are going to solve all the problems. I am betting against the financial sector right now, but I bought leap puts and am adding to them as the stocks go higher. Things that are clear to me seem to take centuries for Wall Street to figure out. <ggg> >>My opinion is that from now on SP500 and Naz will go down together. This makes sense to me, the problem is when. We need to get some other sectors of the market to start talking about not meeting lower expectations and loses like the tech sector is doing now, i.e. MOT last week. I have not bought any Japanese CEF's yet. I am watching them and plan on buying one of these days/months. I took an initial position in an Australian equity CEF, IAF, and I was obviously early. Using 1/3 rds strategy thank god!!!! I also want to start positions in Chile sometime in the future. My thoughts are to start slowly accumulating commodity based economies during the recession and add the manufacturing based economies a little later in the cycle. I am not sure that I know what I am doing, but I am doing it. <ggg> Joan