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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Jack Clarke who wrote (8246)	11/17/1997 9:24:00 AM
From: Barbara Barry	Read Replies (2) \| Respond to of 18056

Jack, Please be careful. You say some of the things that I think also. BUT,everytime I try and be rational about evaluating this market, I lose sight of the trend. With options, as we know, that is a killer.So FWIW right now I am looking for short term "crazy" moves and trade those. E.G., if the market blasts off too much today/tommorrow, I might look at Dec. puts. On the other hand, calls might be the way to go on pullbacks or a slight move up on good volume.Very short term plays because like you, I feel uneasy about the markets. I don't think a crash is in the cards, but this volatility would kill me if I were long any particular stocks at the moment since I usually only trade the techs. Good Luck, Barbara

To: Jack Clarke who wrote (8246)	11/17/1997 2:56:00 PM
From: Rational	Read Replies (1) \| Respond to of 18056

Jack: I appreciate your remarks. There is a herd mentality in the market. Given that the fundamentals dictate a real pull-back, there should be a significant trigger point to crach the herd mentality. Like some scientists have predicted that the GEO satellite systems will be seriously affected due to recently observed solar quakes! This is a fact, but it has not affected the herd yet. The market will go down IF something down-to-earth happens: (i) the bond yields rise significantly (e.g., when Japanese sell their US Treasuries) and/or (ii) the corporate profits decline or level off. Until then, the market will gyrate, IMHO. Sankar