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To: Jerry Olson who wrote (3759)	9/10/1998 11:08:00 AM
From: Nemer	Read Replies (1) \| Respond to of 44573

Hardboot ---- OT ------ don't read this TT ---- skip over it unless you want to join the BlueCelt, Elec, Bob, and me in Vegas on the 10 Oct weekend ........... Scott said Trish wouldn't let him out of sight without a chaperone so he's not gonna be there .......... Jer, why don't you tell Arlene that you're gonna have to take a business trip and get your son and come to the MoneyTree in the desert ---- I've noticed that the folks there are so polite that they'll tell you when you win ..... you don't even need to pay attention ........... not like those rude moneygrubbers up there in AC ......ggggg anyone else who cares to join us is welcome ..... not necessary to play golfer balls the place does have other attractions ....... TT ----- airfare is pretty cheap so why not ? Jer ----- I'm not a casino people, but I do know the way to the horse books anyone else ------ ? how bout you, Lisa ? Regards ---- Nemer

To: Jerry Olson who wrote (3759)	9/10/1998 11:43:00 AM
From: The Jedi	Read Replies (1) \| Respond to of 44573

Clintongate is discounted. We are discounting that Clinton will resign, that is what will happen today and tomorrow. As for earnings: S&P 500 earnings have been revised down, and the revisions are not over yet. Any further down revision and we will be negative over last quarter. Now South America is rearing its head. Even with revisions downwards some companies are going not meet those expectation. Do not get seduced by the bull argument. Their will be a bull rally in early October and then more selling. By that time other countries should be going down. Brazil down -11% and still going down. As for sentiment it does not matter. We have not seen the climactice selling yet. When the market was going higher there was so much bullisheness, nobody said that there is so much bullishness that we won't go higher. We kept going up. Internet Stocks kept doubling every 3 -6 months. Even with this bearishenss we will still be going down. The public is going to feel the pinch when they loose their money from the mutual funds, and start withdrawing. Remember the oils in Jan, people thought here is the bottom. We are still trying to find the bottom here. I do believe that we will be sub 900 SPX before the end of Oct. As for the bulls they can't see that (bulls are short sighted anyway... LOL). The problem with sentiment indicators is that they do not work at real extremes. Bernie shafer got bullish on stocks just as soon as the market started to take a dive. He is still advocating calls and most of them are under water, and will remain so. Kiri