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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (19814)	9/2/1998 10:29:00 AM
From: IQBAL LATIF	Respond to of 50167

Paris traders are talking of a very positive address by Clinton, he has shown his readiness and leadership the two vital things market is looking for. He will try to help Russia once the government is instlalled, by dangling a carrot Clinton has made an offer to commies and nationalists either to shape up or continue with this crisis leading up to dismissal of DUMA-- In my opinion Yelstin hands will be considerably strengthned if he is able to show that he retains international credibility and respect- so would be his PM throw his load off junkies if he realizes that he can deliver something on back of continued order, Yelstin support will lead to big change of hearts in DUMA- it was my believe that PM had engineered his own rejection so as to wrest control from Yelstin, the junkie coalition partners have one choice to continue the choas and get discredited or move on, they would under present circumstances will like to move on instead of carrying a burden of dissmissal from cushioned DUMA.. winter elections would be hard on every one.. the benefits of this move will soon appear in markets if the rumors are correct..

To: IQBAL LATIF who wrote (19814)	9/2/1998 5:33:00 PM
From: IQBAL LATIF	Read Replies (4) \| Respond to of 50167

Predictions don't get better than this in markets-- '' The pits will be long at support and short around 1017 area so if you want to be long go long 990 or whatever your strategy is and short around 1017- we can see 987- '' Or ''buy two long calls and two long puts you make your money on both trades--'' Or markets are range bound-- I just think we have been perfectly calling the tops and bottoms and this is what I call decent read of the market--

To: IQBAL LATIF who wrote (19814)	9/2/1998 9:46:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Hi IKE wasn't on SI at all today, busy with the familiy... I don't see your current numbers as agreeing with mine...i don't think we have establish a trading range yet... in fact because of the lack of a "follow thru" rally today, i feel there is real trouble ahead...big trouble... it's a precursor to a potential 1000 point decline to the 6500 level soon... i think we have already discounted the usual outside influences, Russia, Asia, Latin America etc etc etc...yesterdays news for me... i don't think the market is prepared for what's just ahead... i'm in the oppostie camp from you on Corp Earnings...they will not meet expectation, and will warn about the next Q for sure leading to this decline... i feel this last Q, will be the best Q in the next 6-12 months...and that Q was lowered many times before...so from these levels of "expected" profits we are going to bomb from here... this market is extremly shaky, not for the meek of heart, and absolutely not for the novice trader with short money, please all of you just stand aside... i'm not trying to tell anyone what to do, far be it for me to sound like your father, you terrific traders out there...but this market will separate the men from the boys in fast fashion... just when you think you bought a stock at the bottom, it will tank on you 20%-50% from these levels, and you'll be stuck with it for 1-2 years... No,!!! this is one very serious market in disaray. it's more than volitile, it's trecherous and decitful & dangerous...there's is noway we can compete with the big boys in this kind of market...NO WAY.... i can not ever remember this feeling i have ever before... i of course hope i'm wrong...i'd be happy to be wrong.. BUT I DON'T THINK SO..!!!!!!!!!!!!!!!!!!! My Regards to all...Jerry