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To: Loki who wrote (32062)8/31/1998 11:00:00 PM
From: S.C. Barnard  Respond to of 97611
 
I think the selling will dry up. Actually the futures, if they can somehow maintain this level overnight, could possibly mean we're at a bottom already, but I will not say that yet at all. I will hold everything now. This reaction is more appropriate when huge cracks appear in the earth's surface, but margin calls and overexcited fund managers can do the same, I think.



To: Loki who wrote (32062)8/31/1998 11:06:00 PM
From: Eddie Kim  Read Replies (2) | Respond to of 97611
 
I've been calling for a correction for several weeks now but the current market condition is not that...its a panic market. Most of the investors and even fund managers have never experienced a Bear market (1973-1982). They just don't know what to do. I don't even know if we are in a bear market. Yes the market has dropped roughly 20%, yet it was way too FAST.

I say we get a nice "Sucker" rally the next several day and then we head lower.



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