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

To: MythMan who wrote (8263)	11/17/1997 12:30:00 PM
From: Elllk	Read Replies (1) \| Respond to of 18056

Pete It's better than sounding like a 12 foot chicken. <g> Larry

To: MythMan who wrote (8263)	11/17/1997 12:34:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 18056

Pete, how about +141 and +33. Check if all are in and then close the gates. Then, start firing at your will! -g- -Mohan

To: MythMan who wrote (8263)	11/17/1997 12:56:00 PM
From: Cynic 2005	Read Replies (4) \| Respond to of 18056

To all, What has changed since last week? Nothing! The stock market game at present is the biggest scam of the year. IMHO! People are enticed by the idea that the market overcame the sharp sell-offs of July 96 and March 97 and October 97 too shall pass. Or Does it? Do we still see those pies in the skies? The myths like Asian miracle and Latin American boom have already been shattered. Another myth, the Goldilocks economy of the US will suffer the same fate, IMHO. Signs are there. Yes every one can see them but one must be willing to admit to some naked truths. How many people are knowledgeable enough to understand the implications of deteriorating world market fundamentals? A mere short-term government interventions which are aimed at protecting greed will not be good anough in the long run. That is, they come at some cost. Brazil's austerity measures point to a recession. Japan's banking sector bailout cost the tax payer dearly and even trigger a severe recession. Are these things good enough to sustain lofty valuations of the equities? I don't think so! The biggest lie they ever told people is that markets always go up! It is true in some sense. The fact that it is higher now than it was in 1929 doesn't make a bullish case for the people who bought at the market peak of 1929. Back then several 60 year olds, who could have used money for retirement would have been descimated. 30 something gang would have to wait till they become 50 something to get back even, let alone ahead. Besides, money doesn't grow on trees. Just some thoughts. Now, it is getting ratehr obvious that my put positions starting to hurt, doesn't it? -g- Any how, I want to refocus the attention to a great note posted on this thread earlier today. At 10:55 today the market is up over 110 points (naz +27!) Bad time to get bearish! Here is an independent thinker who can thinks logically makes a call against the Street collective judgment. Thanks to Defrocked. techstocks.com -Mohan

To: MythMan who wrote (8263)	11/17/1997 1:51:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 18056

Pete, actually my predictions are quite usefull because I always seem to wrong the trouble is I'm afraid the first time I go contrary to what I think I'll finally be right-g- I can't believe this mkt has made it through all the recent minefields with minimal damage. I believe intervention is the only thing which has saved this mkt. Can I prove it ?no How long will this tactic work? Don't know. I do believe the fundamentals will continue to deteriorate on a global scale. When will stock prices begin to discount this ? i don't know. What use are my comments ? not much hohoho Mike