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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (13445)	11/2/1997 11:12:00 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

Hedge funds are fighting the tape- they are in a mess, you cannot fight sovereign states with deep pockets. Global financial system is not a hostage of few bearx funds or huge put option- do you realise if some of this puts writers run for cover- I think this week the battle will be decisively won as far as question marks on 'deflation' bluff is concerned- I bought a computer last night thru mail order- a heavy duty lap top I ended up talking to this person somewhere in New Hampshire asked him (PC mall) How has been the orders- he told me better than before and what about 1000 $ PC's he thinks 3-5 in 100 sold is one these products- US computer makers are just filling the market which was lone territory of 'clone makers'- I just ask him anyslow down since Monday no affect at all- I have been talking to many of my friends nearly everyone looking for entering at the right level no one is prepared to sell- the exodus of small investors seems to be the most difficult barrier for the bears- I think fourth quarter is traditionally good quarter so overall we are seeing a possiblity of a bear squeeze- I see a test of major resistance at 946-8 area - I will possibly think that some of these will be taken out like a knife thru the butter- I am assuming a run in SOX - I am looking at 320 as my first level and clean break of 7600 during this weak- fundamentally I think market will stabilise and realize that world is very much intact and doing very well indeed. I expect a retreat of speculators from Brazil during this week- I remain positive that Brazil will be able to safeguard 'real' but a 10% re-adjustment in a more quietier environemnt is in order. Imagine within last two weeks you are watching at market where 1 trillion market cap has been wiped out on fears of profits which may be actually become better- what happpened with Mexico after 'peso' devaluation- countries in correction like this don't disappear they become efficient and quality of life in most of these countries is not dependent on stock market gains with 25% savings rates their propensity fort consumption rarely get affected by these volatile market movements- you need to make small observations so BW may not deviate thru strange kind of convulated logic.