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To: Roebear who wrote (92849)	7/28/2001 7:29:00 AM
From: ldo79	Read Replies (1) \| Respond to of 95453

Roebear: Maybe I'm becoming too cynical in my old age, but the public press releases on this one don't jive. AP First reported is: "The thrift's failure is expected to cost the federal insurance fund an estimated $500 million, according to the Federal Deposit Insurance Corp., making it one of the costliest failures of a U.S. financial institution." Then comes from Reuters: "As of Friday, Superior had about $43 million of potentially uninsured deposits held by about 1,000 depositors, the FDIC said. That agency -- which backs accounts held by savers up to a limit of $100,000 -- will inject $1.5 billion into Superior to keep it operating as normal until a buyer can be found." Oh well, a half billion here, a billion and a half there. Easy come, easy go. Must be some reasonably valued properties in the Chicago area <VBG>. One must wonder where the next hairball gets puked up at - San Fran / Silicon Valley area maybe? To answers Iso's previous question, I remain 75/25 selected PM stocks/cash. No shorts - yet. Regards, ldo79

To: Roebear who wrote (92849)	7/28/2001 11:03:13 AM
From: Tommaso	Respond to of 95453

This seems like a timely warning against trying to pick up "bargains" later this year from tax-loss selling, should that develop: Message 16138130 I think I am as bearish on the general market as anyone on this thread. Very large positions in Prudent Bear Fund; in LEAP puts on the Dow (these seem a terrific value to me); short position in QQQ. I am also betting heavily against the dollar: gold, silver, Euro warrants, and BEGBX (European bond fund). I realize that the last mentioned are highly speculative, but at least it's not futures contracts--and my view is that the true reckless speculation is on the other side, the capital that's flooded into U. S. markets. But unlike some here, I am more afraid of missing the long term bull in energy than in getting caught in a continuing energy bear market. I think OPEC still has its act together, and that they will keep a solid floor under energy until the really bad shortages kick in. Gasoline at $1.18 a gallon forever (as I saw it yesterday)? Dream on, SUV owners!