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To: ViperChick Secret Agent 006.9 who wrote (44043)	5/29/1998 10:51:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

I overlooked the reference to October, I thought he was talking about the other day. If memory serves, the crash was accelerated by the crucifixion of Victor Neiderhoffer. I remember the rumors about Washington stepping in but the people I know/knew in Chicago at the time were of a mind that the futures traders knew they could whallop Neiderhoffer. By Tuesday morning his clearing firm had to cover his losses and the fire sale saw people jumping all over it for a huge short covering rally. So there's another story. As for noticing it at the time, you bet your bippy I noticed it. I had puts worth $108 that went to $79 in minutes, it seems like. For my own part I am looking at futures all the time....bonds, S&P, front month, next month, etc. This ties into the dogma that the futures are the tail that wags the dog.

To: ViperChick Secret Agent 006.9 who wrote (44043)	5/29/1998 11:00:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 58727

little news article.."Investors were not fretting much over the potential for a nuclear confrontation between India and Pakistan either. ''In the good old days, an escalating threat of nuclear war would have caused quite a stir on Wall Street,'' Cantor Fitzgerald market analyst Bill Meehan said in a commentary. ''But in the 'New Era' it's simply treated as a curiosity by an increasingly self-absorbed market. The thinking seems to be...What's a potential conflagaration between two third world countries got to do with my portfolio?'' That just about does say it all. LOL biz.yahoo.com