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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (2495)	3/22/2001 7:56:30 AM
From: stomper	Respond to of 74559

Just remember, the derivatives scam has to be protected at all costs. There may be some balance sheet "noise" soon, but I wouldn't expect a full fledged crisis for a while. I mentioned somewhere to look for the three card monty game to know something big is up..."ladies and gentleman, please pay attention to the surprise war in ______, while we rejigger this derivatives/banking mess." -dave

To: westpacific who wrote (2495)	3/22/2001 11:09:32 AM
From: tradermike_1999	Read Replies (1) \| Respond to of 74559

Message #2495 from westpacific at Mar 21, 2001 11:25 PM Something is going to happen in the banking sector, I just feel it. Sector is selling off hard today. All it takes is some real bad news and market is in even bigger trouble. Bottom fishing is foolish, day trading and shorting bloated pigs is smart. Careful folks, this market is on thin ice - one news event and you do not want to have many longs. West Bank sector is now in a downtrend and has broken the lows set back this Fall. Banks are supposed to go up when the Fed cuts interest rates and they are supposed to lead an economic recovery. Instead they fall.....That should wake people up. VIX trading high today - people paying premium for puts, although put/call ratio not yet in panic territory. You'd think we should get another short term rally soon. But like I said - I'm not covering until I think we see a turn around that will last a few weeks - not one or two days.