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Strategies & Market Trends : Russian Crisis - Is it a buying opportunity? -- Ignore unavailable to you. Want to Upgrade?

To: Josef Svejk who wrote (47)	8/30/1998 9:11:00 PM
From: marginmike	Read Replies (2) \| Respond to of 175

we have all been luled into a relative value buying mentality. There are stocks in Japan that are trading below book, and at PE's of 2. Im sure they looked like great values all the way down! The bottom line is there is more supply and less demand therfore stocks will continue down. This myth that we will not go back up until big Traders come back after labor day,(Msnbc) is also stupid. If you were employed in this field, and stocks were getting hammered, you would be on the next Hampton Jitney home. Therfore we either rally now or we get crushed by d'bears! Unless europe and Asia rally monday will be an absolute bloodbath. Ask how many people you know are buying stocks Monday? They all say Ill wait and see, ill nible, etc etc. Who will be the Buyers?