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To: Bill Harmond who wrote (2703)11/12/1997 4:21:00 AM
From: h.l. meeks  Read Replies (1) | Respond to of 27307
 
You're welcome. I think cash is pretty nice these days too. I'm considering covering on YHOO, and other shorts, at the open--if it's ugly enough. It keeps occurring to me too--that the greatest bull market of our generation will not only meltdown in some sort of horrific spectacle, but also take a good chunk of the world with it too. And it won't be over in a few sessions like '87, but drag on until everybody's been gravely wounded, in some fashion. Longs murdered every time they test the water. Shorts squeezed in completely unexpected rallies. There's symmetry in that, after the relatively easy run we've had for the last 4 years. Joe Public will be lining up at the bank to buy CD's again. It looks like that's what's going on in the Hong Kong sessions right now. I'm definitely looking for a nice place to go flat. Cash allows a clear head.