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To: Sig who wrote (8899)	8/24/2002 9:32:23 PM
From: pbull	Respond to of 13815

Basically I agree. I need to learn the options market, and not act alone, but work with a pro. I do know of a few old-timers in town who place little trades here and there _ not their life savings mind you, like these people you see on TV. And by options I mean index options, not options on individual stocks. This is (or was) a bear-market rally and should be treated as such. I've believed that all along, and still believe it. As for October, I really don't have a feel for it other than the funds are going to be doing tons of tax-loss selling (again). Then we attack Iraq. There is a presidential election in two years. What the Bush Administration has done with the stock market, in my opinion, was necessary and long-overdue. But I doubt that much of the public understands that. And then, the scariest thing about the markets to me today are these Japan-style interest rates. This is really hurting those who live on fixed income and rely on interest from their savings. And they vote in large numbers, usually conservative. I just can't get over how low _ and lower _ they're going, a sign of deflation. Very scary. I had feared this the most because of the hubris of the Fed a few years ago with statements such as, "When the setbacks occur, we'll deal with them." Well, we're still waiting. PB