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To: Ray Hughes who wrote (1167)5/20/1998 4:40:00 PM
From: dwight vickers  Read Replies (2) | Respond to of 8010
 
Ray,

Never experienced a 1,000 point down day (well, the Nikkei) but I do remember the look on John Bollingers face in Oct. 1987 on FNN.

He was white as a ghost, stunned, and at a loss for words.

Awful lot of people (most) on financial TV the last week talking correction. All bulls long term of course, but raising cash.

As much as this feels like we have a shot coming, it's hard to believe the market will accommodate so many.

Maybe the twist will be that they all buy in at 10% down and we drop another 20%, real quick.

Better read Jesse Livermore's memoirs?

Dwight