Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (82699)	6/21/2002 7:37:10 AM
From: DebtBomb	Respond to of 99280

Nikkei dumped a load.

To: Earlie who wrote (82699)	6/21/2002 8:24:46 AM
From: SirRealist	Respond to of 99280

>>By the way, all of this going on even as we complete a triple witch day........ fascinating. (g) << Lessee, how can they get most options to expire worthless? If they can break resistance at 1485, 1495 and 1510? Or a dip to wherever.... Prolly depends on de stock's majority options.... an amazing coincidence if it happens, no? <GG>

To: Earlie who wrote (82699)	6/21/2002 8:25:56 AM
From: vampire	Respond to of 99280

I dont think it's "triple" witching anymore

To: Earlie who wrote (82699)	6/21/2002 8:34:51 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 99280

Earlie: Re: "I have been warning about the inevitability of a fall in the U.S. buck, but even my bearish perspective has been awe-struck by how quickly the buck has cratered." Me too. Check that USD monthly chart. The black crows are ominous.

To: Earlie who wrote (82699)	6/21/2002 8:46:01 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 99280

Earlie, the size in the "bubble" is not much more then what we had in the mid sixties and seventies with the nifty fifties, and a lot of air has already been pulled out of the bubble. More will come out, but I do not see a catastrophic punching, just a very long period where new balance is reestablished. That is actually good, much better than the massive dislocations and misery to a lot of people that a sudden readjustment would bring. Some commentators talk about the mortgage "bubble" of $6 T, that is not a bubble, assume 100MM mortgages (just an easy number) that is $60,000 per house and the average "value" is around $120,000, that is manageable. The point is that a rational mortgage to gross income of a factor of 3 is quite acceptable, and $60,000 (or even $100,000) is well within the factor of 3 of the average household yearly earnings. Zeev