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

To: yard_man who wrote (28787)	9/24/1998 5:48:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 94695

<<People are up to their eyeballs in credit now because of the agressive tactics of the banks and the low rates>> Tippet, I see the bill to stop some from filling chapter 7 went to conference. The banks are getting creamed because of their greed in giving everyone with a drivers license a credit card. Now they are screaming to high heaven and lobbied heavily to get this bill passed. To hell with them. I pay my bills and don't need bankruptcy protection and won't ever need it because I don't borrow money but I think the banks should have to take their medicine for being so stupid. I love a post I saw somewhere today where the guy said "I bet they are having a real religious experience today with the LTCM problem" Monty

To: yard_man who wrote (28787)	9/24/1998 6:10:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Tippet; Seldom does the news ever tell the truth about these matters, some times you find out years latter. I've been saying the market is manipulated all along, and for the most part it's as crooked as a snake, or more. Place your bets and take your chances. The premise the market was founded on ( to raise capital for new business ,) went out the window years ago. You can't cure these thieves with a few rules, and then a slap on the wrist. They passed laws that made their kind of stealing legal. While you hear of floor traders getting busted for front running orders, ( that's just because if your a floor trader , the brokers don't want you doing what they do. ) Just about every broker going works out of a short position, and when you sell short he is closing one of his. In short the market is sick, and run by sickies..if you want to play and you may as well, just be aware of it. --------------------------- As far as being over valued, compared to what interest rates ? The tulip stocks are no doubt over valued, and no doubt we have a Mo Mo market, I'v repeatedly explained how that happens. But there are many many stocks with trailing p/es that even if they don't grow an ounce should be bargains a scan for stocks with P/Es lower than 20, you'll find a ton of them. I can show you plenty with P/Es of 10..and you would have to take another 50% off their earnings to say they are not good buys. --------------------------------- This time unlike 29, if the market crashes people are going to know it was not economics..just out and out thieves. Jim