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To: Shack who wrote (56840)	10/17/2002 9:59:59 AM
From: Paul Shread	Read Replies (2) \| Respond to of 209892

I agree on shorting at 8400 (I think the same level on the S&P is ~895 today), although given this pullback and MSFT after the bell, we might not hit those lines until tomorrow. I think a pullback next week is a good bet; any info on post-expiry week performance after an up expiry week?

To: Shack who wrote (56840)	10/17/2002 10:07:36 AM
From: JRI	Respond to of 209892

Analysts going ape-shit over bond money leaving for stocks, new bull is here, etc. Friend just called me about all this. I told him I can't see any fundamental reason for a big pick-up in economy: Big stimulus (re-fi's) will be taken away if rates go up. G'vt are in debt up to their eyeballs, and will not be receiving increased revenues (if anything, declines), and will not be increasing expeditures (much, at all). Everyone I speak to....among my credit card "friends"...is maxed and scared, "man, hope I don't lose my job" Corporations are hurting profit-wise, and will have an extremely hard time raising salaries, since their profits are lame... Where, or where is the big recovery going to come from? I don't any basis or possibility really (someone enlighthen me). I guess Greenie can let the dollar go to hell, but that's going to make our markets look REAL attractive to foreign money g