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To: SouthFloridaGuy who wrote (1118)	8/1/2007 11:19:28 AM
From: Dale Baker	Read Replies (2) \| Respond to of 1718

You have to admit that it's fascinating to watch blind panic at work. I'm still trying to figure out how so much money ended up being run by so many stupid people. What were they thinking when they bought all this bad paper in late 2006 and 2007, that somehow it would all be OK and reality wouldn't chop off their balls eventually? The world will be better off with a lot of these clowns out of business.

To: SouthFloridaGuy who wrote (1118)	8/1/2007 11:27:24 AM
From: $Mogul	Read Replies (1) \| Respond to of 1718

A gasp of air before one drowns is possible. You can see they sold hard on the last rally. These rally's are to be sold into for now, that is if they can somehow spin and orchastrate one. Eary August (first nine days) is typically horrendous. August is the worst S&P month since 1987. Mid August is better then the begining and end. I see the bandwagon trying to mount a summer rally, but as you know it is the weakest rally of all seasons. We may not see any rally if the confessions and credit start to make there way to the bloomberg. Buy the dip has worked for four years now, tides may be turning for the next few months for the short term. I do beleive that a Dow 11k would be a fantastic LT buing oppertunity. It would be welcomed an not scorned.