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

To: yard_man who wrote (15107)	3/17/1998 6:38:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 94695

I seem to be getting Fosback free on the Internet. Not sure how I signed up but the next time I get a newsletter I will post the address it came from. Stock Market Logic will take you back to rock-bottom fundamentals with regard to estimates of valuations of the stock market. The fact that it seems superannuated in 1998 makes it a better read than ever to me. Back in 1980 I was reading things from 1913 and the 1920s, and they kept my faith in the stock market at a time when most people had given up on it and it looked as if the Dow would never get permanently above 1000. We are in the middle of one of the great manias of history. I said the same thing when gold was hitting $800 years ago. You can't say when it will end, but like it or not, folks, you are in the midst of history. It's funny how history seems normal when it is happening and only looks grotesque in hindsight. One of the most remarkable things I ever heard anyone say was a survivor of Auschwitz who said, "It was just like life. In life you know you are going to die. It was just that in the camp you knew that you were going to die a lot sooner." And someone else who was stationed on an island in the Pacific where there were huge rats running everywhere--across your hammock at night and across the table when you were eating. "After three days you didn't notice them," he said. Fosback provides a sane set of measurements to judge the current moment by.

To: yard_man who wrote (15107)	3/17/1998 8:41:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Barry Barry Barry; I know how you like to keep an eye on AOL, look I'm in a rush, may have to leave tomorrow don't know for sure, look at this. ^IXIC NAS/NMS COMPSITE 1779.30 -8.88 -0.50% - - - - - AOL AMERICA ONLINE 64 -7/8 -1.35% 57 1/8 $162.25 +12.04% 18-Feb-98 +364.72% ELNK EARTHLINK NET 52 1/2 -3/4 -1.41% 47 5/8 $2.44 +10.24% 18-Feb-98 +273.39% MSPG MINDSPRING ENT 57 9/16 -1 7/16 -2.44% 49 1/16 $3.40 +17.32% 18-Feb-98 +767.06% XCIT EXCITE INC 49 3/8 -1 3/8 -2.71% 44 3/4 $3.24 +10.34% 18-Feb-98 +277.95% YHOO YAHOO INC 83 27/32 -1 5/32 -1.36% 64 3/4 $53.46 +29.49% 18-Feb-98 +3190.00% DIS WALT DISNEY CO 107 11/16 -1 15/16 -1.77% 111 7/16 -$281.25 -3.37% 18-Feb-98 -37.04% =------------------- Remember what I said about Dis leading the group down, don't worry about why, it just does.. Now this is from feb 28, so plenty of gains in all but DIS..look at it good..the others are starting down..track them all, "Yhoo has made the most gains and could have the best puts of the bunch," do check it out before jumping on AOL , ... Best of luck, I did hit XCIT about two weeks ago, it was fast, if you go short or buy puts and the others start back up then cover, remember it's a sector thing..I think rotation is about to hit them..and some profits are coming off the table, it may not run far, but again it could turn into a panic sell off lots of luck, I'l link the AOL thread to this message. Jim P.S. don't foget to scroll the page over , the last colum is pro rated yearly %