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

To: Monty Lenard who wrote (25453)	8/28/1998 1:29:00 PM
From: Tom M	Read Replies (2) \| Respond to of 94695

Monty re: PPT, get a feeling the FED is staying out of this one? After all, is was Greenspan calling for a correction that got the ball rolling down finally, the day Jim say the negative tick on positive index. I think they're tired of saving it, knowing everyone has counted on it being saved, and thus overvalued the index stocks without fear of much of a correction. The brokerages have abused this emergency service, & it may be payback time. I've had to bail on a few of my stocks at or under book value. Why should the PPT save the most bloated of all: index stocks? I wonder how it would feel to ride MSFT down to .9 book value? <g> (I know THAT would never happen, but it does put things into perspective for those of us trashed under book value because we weren't in the PP'd index) regards, Tom