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

To: Joe S Pack who wrote (13921)	11/10/1997 5:40:00 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

Karun- I wish some of your solution can also be put to good use to clear mushrooming weeds in DOWS way- however after seeing this close I have bought some 900 puts to avoid a jolt coming from Nekkei- I think we will see slowly and steadily people going back to basic and looking at the underlying threats- INTC may be helped tomorrow after a upgrade from AG Edwards- Without Tech stabilising Oils Drugs and Banks are already on levels where they cannot take S&P forward we need a broad based move and that is not going to come until as Judy outs it 'herd' mentality decides to look at last quarter earnings prospects- one way this is a good test of support as all negatives have been thrown on the market- lets see if Nekkei brings some order otherwise we will be in for some real test of 910- however I was watching Nekkei futures and they were trading up 200 lets see how much of this really matters. JT is probably on a long leave- I also felt Bart Chuck George and John and Tim has been quite infrequent- I hope everyone is fine.

To: Joe S Pack who wrote (13921)	11/15/1997 4:48:00 PM
From: Snowshoe	Respond to of 50167

Karun, when the markets are in turmoil and everyone is confused, sometimes it is best to step back and get some perspective. Here is a comment on human nature from an unlikely source -- the book "Seven years in Tibet" by Heinrich Harrer. In this passage Harrer and Peter Aufschnaiter have finally arrived in the Forbidden City after their perilous escape from the internment camp at Dehra-Dun and the arduous journey that followed. Harrer describes many aspects of everyday life in Lhasa, and it is this that comes to mind regarding everyone's current obsession with the stock market: "Then there is mah-jongg. At one time this game was a universal passion. People were simply fascinated by it and played it day and night forgetting everything else -- official duties, housekeeping, the family. The stakes were often very high and everyone played -- even the servants, who sometimes contrived to lose in a few hours what they had taken years to save. "Finally the government found it was too much of a good thing. They forbade the game, bought up all the mah-jongg sets and condemned secret offenders to heavy fines and hard labor. And they brought it off! I would never have believed it, but though everyone moaned and hankered to play again, they respected the prohibition. "After mah-jongg had been stopped, it became gradually evident how everything else had been neglected during the epidemic. On Saturdays -- the day of rest -- people now played chess or halma, or occupied themselves harmlessly with word games and puzzles". And so it seems that Allan Greenspan is but the present incarnation of a spirit who once resided as an official of a remote mountain kingdom in Asia. As a result of recent developments I've taken my losses in ASND, profits in CSCO, and may take profits in QCOM next week. Maybe I'll buy some nice safe bonds and curl up with a good book. Can you tell me what "halma" is? BTW, next year I will try your hot-pepper pesticide solution on the aphids in my greenhose. Ironically, it is my sweet peppers that they attack. -Greg