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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Don S.Boller who wrote (64444)	6/16/2003 6:31:10 PM
From: pompsander	Read Replies (1) \| Respond to of 94695

Max Pain looking scary for some option holders. INTC at 20, CSCO at 15. Other techs max pain now well below current prices. Only MSFT at 25 seems "in line" of the majors. Do the markets take us down by the end of the week? Today has to a worrisome day for some.

To: Don S.Boller who wrote (64444)	6/16/2003 8:19:53 PM
From: James F. Hopkins	Respond to of 94695

Well taht crash and burn thingy could be put off for a long time, but the problem is it's going to happen. Right now the State Pension funds are buying , trying to play catch up they caused the 2000 bubble not J6P.. ---- In other words it's your Tax dollars at work in the market.. Japan did the same thing we are now doing, and they had some really nice rallies, we are in the same long term trap. --- When Government pension funds use the market to shore up their books the little guy don't have a chance in the long run, as in the long run he has to pay the taxes that are given to wall street..as more and more people retire more has to be put in, sooner or later there is not enough people left with enough money to pay the taxes. --- The whole wall street thing is a glorified ponzi scam.. But it's the biggest game in town, and you can't win if you don't play. --- As far as this Bull Run is concerned it started over 6 months ago , and I was buying then when every one else was dumping I'm up over double the market since then so it's time for me to lock in some profit. I do want to see it move up some more so I can get my puts on the cheap. I'll be completely out of the stock market by Jan 2005, if not sooner. ---- The worse thing that could go wrong is the Government could go broke in it's attempt to shore up Wall Street. It's all in the demographics, not every one is going to be able to retire at the expence of the next generation. ( sadly taht seems to be what we are trying to do. ) Jim P.S.. at my last Land Auction, ( 2 weeks ago ) I noticed people are starting to feel rich again..they are bidding the land up..I didn't get to buy anything.. .