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To: Broken_Clock who wrote (323)5/19/1998 3:20:00 PM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
You know me. I dumped 'em. Stuff going on in the world economies is a bit disturbing to me and makes me even more bearish. Asia collapsed, now we're seeing social unrest. Russia is starting to collpase, Brazil and Mexico are are starting to collape. OPEC countries could start having problems due to low oil prices. Looks like a classic global financial bubble that is bursting. Look at it this way. Asia is a tech stock on the NASDAQ that imploded and everyone got a little scared, but now think everything is OK, now Russia, another tech is blowing up, and Brazil and Mex in the S&P are blowing up. Meanwhile Europe and the US are the GE and KO's. If one of them starts to go, kiss the whole global mkt goodbye. Buy gold.



To: Broken_Clock who wrote (323)5/19/1998 3:50:00 PM
From: bw  Read Replies (2) | Respond to of 14427
 
<<Suppose storage is still full in mid June?>>
Yup...I read in Bloomberg this morning that storage is full. I only read the headline...
No regrets here about being in cash for now.

Thean...Am looking at SEV back around $20 again. Might not get that low this time around, but am enjoying the sidelines scenario. [plus working too hard to concentrate on the market full-time]