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

To: Cynic 2005 who wrote (10905)	12/11/1997 10:35:00 AM
From: The Perfect Hedge	Respond to of 18056

Mohan- Any opinion on the oil service sector?Many of those stocks have taken a beating but fundamentals haven't changed.GD

To: Cynic 2005 who wrote (10905)	12/11/1997 10:42:00 AM
From: Mike M2	Respond to of 18056

Mohan, pete will get on my case for being so gloomy and tell me to have fun-g-(bread &circus)-g- I feel there are too many imbalances in the world (debt,capacity,trade) to reverse course and control our destiny to any significant degree. The world is in for some pain the extent to which we are willing to take responsibility or blame others may determine the course of the future. I have mentioned this before somewhere on SI but it BEARS repeating that in the 20's the world stock mkts and economies fell one at a time. Mike

To: Cynic 2005 who wrote (10905)	12/11/1997 2:28:00 PM
From: Simon	Read Replies (1) \| Respond to of 18056

<<<"traders" who are selling now don't have the faintest idea about the long-term prospects for their beloved stocks.>>> Many of these people are so in love with their "beloved stocks" that they have hocked their, house, the car, the wife to buy more on margin.Now they are getting margin calls, hocking grandma and screaming their guts out. Case in point PAIR. People were saying you will never be able to buy it again at 30. Today u can buy all U want at 18. The margin call pain must be excruciating.