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To: isopatch who wrote (88206)	2/27/2001 11:44:30 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Japan & Hong Kong down hard @ 11:30 PM ET: finance.yahoo.com^N225&d=t finance.yahoo.com^HSI&d=t

To: isopatch who wrote (88206)	2/28/2001 12:53:20 AM
From: whitepine	Read Replies (3) \| Respond to of 95453

Since I am relatively new to the board, I don’t feel compelled to choose sides between those who post here and those who post on the new thread. My interest is knowledge. Thanks to tomas for post by Simmons. For those who are not traders, I would presume the risk quotient for holding stocks has increased dramatically during the last few months. Any position can be bushwhacked; by 4 P.M. the value of your stake might have declined by 25%. Thus, until macro trends and forces become more clear, it seems prudent to stay on the sidelines. Recent discussion about the safety of SIPC and MMF compliment this idea. As bank loss reserves are tested, it also seems reasonable to assume the last has not been heard about impending crises of hedge funds like the LTC fiasco of recent memory. That the DOW has been sheltered from a comparable decline like the NAS, is a mystery to me. Perhaps it is only a matter of time before the full effect of declining economic activity is reflected in announcements by DOW components. Crucial question is how further erosion of real economy will affect stock prices in the energy sector. If liquidity becomes a problem for large funds, anyone care to speculate about the relative % decline in NG-producer stocks? I am, of course, trying to guestimate entry points for EPG, AOG, EOG, or others. Secondly, as we all wait for MOABO, are there prudent strategies for taking positions in NG for those who can’t monitor/trade the market hour-by-hour? Perhaps this is an impossible question, especially since the sentiment of expropriation remains strong in CA, but I would appreciate views of others.

To: isopatch who wrote (88206)	2/28/2001 6:05:27 PM
From: Greywolf	Read Replies (1) \| Respond to of 95453

Isopatch - Smart man, is this Donald Sew.. I like the bit about "What is a bit bothersome is that even though the NDX has dropped so much the overall sentiment doesn't appear to be that bearish" .. and you do get the feeling that a lot of folk are happy to wait for their stocks to rebound to past levels. For most of the IT/E sector well they will have to wait in some instances - forever. Either people have lost the plot or they have gotten smart and come to the conclusion that long term it don´t matter, that is unless you are into a stock that is heading for the backdoor. Yet complacent is a word that does carry merit if you look to the market but if you check out Main Street most things are ticking along fine thank you very much so as Dr Greenspan noted today "of the last five recessions only two have been been preemted by the stockmarket"