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To: Jack Clarke who wrote (7730)	11/12/1997 7:52:00 PM
From: Bonnie Bear	Respond to of 18056

Mr Rubin cannot bail out 20% of global debt. It's not going to happen. Mr. Taxpayer and Mr. Borrower will eventually have to share some of that burden. I can't figure out how interest rates can stay low. Something wrong with this picture.

To: Jack Clarke who wrote (7730)	11/12/1997 7:59:00 PM
From: Elllk	Read Replies (2) \| Respond to of 18056

Jack Ya, and well of course Rubin (ie us, the taxpayers) can't bail out everyone. And, even so, the Indonesian bailout kept their market up for about one day!! Larry

To: Jack Clarke who wrote (7730)	11/13/1997 1:11:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 18056

Jack, I too am holding some oex (860's) puts. I learned the hard way that time can be a friend or foe! It is hard to eliminate all emotion about this position because I bought the 870 puts a few weeks ago on a Tues.@5 1/2 and sold Thursday at 10 1/2....the next Tuesday they were worth 82!!!!!! :( Granted, we don't have that potential due the the loss of our time premium, but what upside could there be by next Monday? The question I am struggling with is do I take profits Friday and take a new postion on any sucker rallies. For sure, I know to grab some December puts on any strength in the nearterm. But, I would also consider calls if we retested. Any opinions? I value many of the excellent posts on this thread. Thanks and luck to all of us! Barbara