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

To: Bonnie Bear who wrote (8510)	10/29/1997 11:21:00 PM
From: Elllk	Respond to of 94695

At 11:20PM EST HK slips down more than 7% and Japan goes -3%

To: Bonnie Bear who wrote (8510)	10/29/1997 11:40:00 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

OK, Bonnie, I'll give you the link. Enjoy. tse.or.jp I sold Japan recently for technical reasons (went in also for technical reasons): 17,000 is the key support, it's broken now. This coincided with the DOW slide. This is Topix (Tokio Stock Exchange), in person, real time. HA! Even bears are dipsters. Waiting for the bottom at 6,000 (Meaning Joan). For a bubble this size there is no bottom! This bubble is of Japan-89 proportions. By the way, what's your take on the fair value of the DOW? My optimistic value is 4,000. The pessimistic value is really bad - I should not mention it. MSFT is at 14x sales, 50x earnings. WOW! I'd short the damn stock, but it's scary. Selling naked calls (instead of buying puts) should be extremely profitable for sell and hold strategy. Only who would buy the damn thing? -Vi

To: Bonnie Bear who wrote (8510)	10/30/1997 1:10:00 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 94695

Bonnie, Japan, Holy Cow, if the penson funds have dried up, this is just another "real" long term problem. Come to think of it our pension funds are in the same boat fully invested. Bill Clinton could get in the history books after all.:-) Time will tell. Joan