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To: Box-By-The-Riviera™ who wrote (117825)8/21/2001 4:02:34 PM
From: Real Man  Read Replies (1) | Respond to of 436258
 
If this is the liquidation phase, they will be unable to save it, cause there is enormous leverage built into these markets. We'll see banks, etc. selling their derivatives positions, and then some forced selling at a loss that may take NDX and SOX below 1994 low, as bearish as this sounds. The overleveraged players must sell and fail before these markets can have any sustainable rally.