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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (14462)	2/28/1998 9:03:00 PM
From: Haim R. Branisteanu	Read Replies (4) \| Respond to of 94695

Bonnie, on your <<<Anybody who has lived through a bear market will obey the law of book value. Because that's where stocks will drop to in a bear.>>> Todays book value is not tomorrow book value, best example are REITS, in 1988 price of office buildings or apartments was double of same property in 1993. Today the prices are back at or above 1988. Conclusion in a real bear today book value may be 50% book value of tomorrow. So if twice book value is the norm now, do you have a guess of the SPX at book value tomorrow??? Just some thoughts. BWDIK Haim

To: Bonnie Bear who wrote (14462)	3/1/1998 4:57:00 PM
From: paulmcg0	Read Replies (2) \| Respond to of 94695

Bonnie -- here's something that illustrates the market mania: I recently contacted the 3 main credit reporting agencies, to get copies of my credit reports. In your credit report, it shows every company that ran a credit check on you. Last fall, I had to get my brokerage account changed to a margin account so that I could buy and sell options (puts!). I guess they have to make it a margin account in case you want to write options. Even though a margin account is a form of credit, they didn't bother to run a credit check on me, while the phone company did when I got a new number. That really boggles my mind - a utility cares more about your credit record than a brokerage! Paul McGinnis