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

To: William H Huebl who wrote (7937)	10/27/1997 8:22:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 94695

Note on Asset Devaluation subtitled blatherings of one market observer For every liability there is an asset but the opposite is not true. That is, while all liabilities are also someone else's assets, all assets are not debts. Some assets are real assets such as equity, capital goods, land and gold. Assets supported by liabilities are referred to as financial assets. The current fear roiling the market is centered on "asset devaluation" not "earnings evaluation" or "earnings disappointments". The market refocused its attention on the former very quickly during the last month and many investors missed the moved. It was/is fierce and may run for several days or weeks. This perception,real or imagined, that rapid decreases in the ability to pay off debt will decrease financial assets and potentially real asset values is undeniably underway in many global markets. Note the sell off in global equities, gold and the potential for the same for HK property and even U.S. housing values. The emerging trading situation is clearly serious. I believe however that it will work itself out if the Federal Reserve does nothing . They must provide assurances to the market but not disastrous rates hikes or inflationary additions of reserves. Hopefully, AG understands and maybe even anticipated the problem. Please save us from active monetarism here. Just my 2 cents.

To: William H Huebl who wrote (7937)	10/27/1997 8:52:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 94695

You tell'em Bill: Don't blame us if you lose your ...! (shirt?)

To: William H Huebl who wrote (7937)	10/28/1997 12:48:00 AM
From: mozek	Read Replies (1) \| Respond to of 94695

Sorry to make you nervous Bill. I've posted a number of times here before and believe that I have contributed numerous times in the past. If you remember me, then you'll know that I haven't taken advice and jumped on it blindly. If you don't, then I'm sorry to assume that you would remember. I take responsibility for my trades, and I try to give as well as get from SI. I'm sorry I haven't done something for you lately, and find your post either stressed or quite rude and off-putting (if stressed, then no big deal). Unfortunately, it doesn't make me want to dig deep for ideas to share, but I'll give you some (in spite of the mannerless and presumptive form of your request) and leave you to share your unimaginable gifts with everyone else. As far as downside, I think there's a great deal of potential downside left, especially in light of tonight's HK and Globex situation. Here are some of my short picks: I'd look at puts on high risk finance firms like The Money Store or some banks like Wells Fargo due to what I think will be coming loan defaults and personal bankruptcies. Other short picks: VVUS - Time has run out for the invasive erection remedy due to PFE pill approval PRST - Still incredibly overvalued, coming competition After you feel comfortable on the long side, look at VECO, CTEC, RMBS, QWST, and I'm outa here... good trading.

To: William H Huebl who wrote (7937)	10/28/1997 2:22:00 AM
From: mozek	Read Replies (1) \| Respond to of 94695

Bill, Some contribution reminders from the past, and I'll stop bothering you for information: July prediction of triggers for this correction which, in retrospect, were pretty accurate: techstocks.com Suggestion that people take responsibility for trades: techstocks.com Stock suggestion w/100% appreciation since post: techstocks.com Mike