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

To: Elllk who wrote (9286)	11/6/1997 9:17:00 PM
From: Bilow	Read Replies (1) \| Respond to of 94695

The Great Crash 1929 by John Kenneth Galbraith page 90 A depression, serious or otherwise, could not be foreseen when the market fell. There is still the possibility that the downturn in the indexes frightened the speculators, led them to unload their stocks, and so punctured the bubble that had in any case to be punctured one day. This is more plausible. Some people who were watching the indexes may have been persuaded by this intelligence to sell, and others may then have been encouraged to follow. This is not very important, for it is in the nature of a speculative boom that almost anything can collapse it. Any serious shock to confidence can cause sales by those speculators who have always hoped to get out before the final collapse, but after all possible gains from rising prices have been reaped. Their pessimism will infect those simpler souls who had thought the market might go up forever but who now change their minds and sell. Soon there will be margin calls, and still others will be forced to sell. So the bubble breaks. -- Carl

To: Elllk who wrote (9286)	11/6/1997 9:25:00 PM
From: Haim R. Branisteanu	Respond to of 94695

Larry the quake article, it give me a very unpleasent feeling. In the meantime Tokyo has it's own financial quake. Europe beset by earthquakes Copyright c 1997 Nando.net Copyright c 1997 The Associated Press ATHENS, Greece (November 6, 1997 1:40 p.m. EST nando.net) -- Children in Athens practiced emergency drills Thursday after five moderate to strong earthquakes shook the nation. Other moderate quakes were reported Thursday in Iran, Italy and Romania. The quakes Wednesday in Greece caused no damage or injuries. Seismologists have not ruled out the possibility that they are a prelude to a stronger earthquake, but stress there is no sure way to predict seismic activity. "Panic is not needed, but neither is complacency," seismologists at the Athens Geodynamic Institute said. Greece is one of the world's most earthquake-prone regions, straddling the border between the African and European tectonic plates. The spate of earthquakes was simply a coincidence, said John Minsch, a geophysicist with the U.S. Geological Survey National Earthquake Information Center in Golden, Colo. "It's nothing out of the ordinary, really," he said. "They've all been in places where earthquakes have occurred before." In Greece, members of the Organization for Earthquake Preparedness toured schools and told children and teachers what to do if a major quake strikes the area. The first quake Wednesday, with a preliminary magnitude of 4.6, was felt strongly in the capital and was followed by two smaller tremors a few minutes later, the Geodynamic Institute reported. Less than two hours later, a quake with a preliminary magnitude of 5.2 struck the island of Crete. Another quake with a preliminary magnitude of 5.4 was felt later Wednesday in much of western Greece and Athens. Iranian radio reported that a 4.4-magnitude earthquake hit the town of Varamin, 30 miles southeast of Tehran, on Thursday and was felt in the southern part of the capital. It caused no casualties or damage, the radio said. An earthquake with a magnitude of 4 rattled the northeastern part of Romania on Thursday, the official news agency Rompres reported. There were no reports of damage or injury, the Earth Physics Institute was quoted as saying. And an earthquake of magnitude 3.7 shook Rome early Thursday, causing some panic but no injuries or damage. Experts said it was not related to a series of earthquakes that have shaken the central Italian regions of Umbria and Marche since September. Well will see Happy trading Haim