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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (1270)	8/27/1998 11:09:00 PM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 3339

Gold? hmmmmm.... it was down over $5 today to close at 280 plus a few pieces of copper and silver......... I am surprised you would say gold.........unless you don't mean it.......... Asset deflation is currently universal and includes gold.... and........ if you're long.... well...there's a career in certain kinds of movies if you've picked your stocks wrong... my two pieces of eight... Joel

To: bobby beara who wrote (1270)	8/28/1998 12:26:00 AM
From: Bill Wexler	Read Replies (2) \| Respond to of 3339

I have to disagree. I'm covering or hedging (with options) nearly all of my short positions. I'm also going to be buying heavily. The U.S. economy has not changed much except for some drag on corporate earnings due to the Asian crisis. I think we have reached a major inflection point. All the major indices have taken massive hits (the transports are down 25% off their highs, the S&P got clobbered, and the small caps are IMO at or near the bottom of a gruesome bear market). Money has never been cheaper to borrow, and I don't see any evidence that we are anywhere near a recession. Thanks to the events of the last few months - a lot of speculative excess has been wrung out of the market. Even though I don't consider myself a "dipster", I think that the market is headed higher.