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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (16013)	9/28/1998 3:14:00 PM
From: James C. Mc Gowan	Respond to of 42787

Dennis: agree on the problems with the fundamentals; hell, the internuts have been going berserk, again; if that isn't "irrational exuberance", what is? Difficult to buy puts on them, so verrry expensive, although I have heard from a wise person on SI that the good puts are always expensive. Been doing ok recently averaging into bear funds on market runups, waiting for some clarity to visit the marketplace. The Greenspammer may soon provide me with an opportunity to buy more bear funds at a better price, with a big cut in rates. Averaging down or averaging up?ggg Favors and Murphy are saying essentially the same thing on the big turn question. Maybe the bears need another LTCM; noticed today that the stockbrokers continue down, even with the anticipated interest cut. Next two days should be very interesting. Good luck to you. vocex P.S.: as I write D. Sew's analysis continues to impress. We are lucky to have him on SI P.P.S.: you want to get really spooked, even before Halloween; take a look at the "Derivatives: Darth Vader's Revenge" thread on SI. Estimates of $200 to $500 TRILLION out there; stuff Greenspan testified would be controlled by market forces,no need to regulated hedge funds; this one day prior to LTCM bailout/buyout, orchestrated by Fed Reserve. What the hell is going on here?