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

To: Monty Lenard who wrote (29324)	9/28/1998 11:37:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

head of the SEC was to speak tonite about how safe the market is. Don't I remember this happening in the 29 time frame? Si Senor -g- Speculation showing up at a top? Yahoo hit the projection of it's failed double top @127 today. bb

To: Monty Lenard who wrote (29324)	9/29/1998 9:48:00 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 94695

<Jim told me the head of the SEC was to speak tonite about how safe the market is. > If this actually happens..... It would have to be the mother of all Contrarian indications. I'll be shorting the market and buying gold. Market comment: Nasdaq composite and SPX are sitting at the 200 day MA. DJI still below it, though played a little catch up yesterday. Some scenarios possible: 1) NAZ and SPX go flat while DJI struggles up to the line, then all go south. 2) DJI never makes it back to line, and all go south from here. 3) NAZ and SPX push on through and DJI follows, before all peak just above and then go south. 4) US Markets ignore the rest of the world and climb to new highs with unbelievable valuations, Gore resigns and Greenspan is selected to finish Clinton's term with the help of hedge funds political backing. I can't decide which one is most likely. :-) Good Luck, TW

To: Monty Lenard who wrote (29324)	9/29/1998 12:44:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Monty, closed my long position a while ago (mid AM) and wrote some in the money and close to the money calls. Premiums are just great $3 on average for 2 weeks The market is acting tired, and if a 50bp cut will be declared, I may hold short until expiration. IMHO a 25bp will trigger a sharp selloff. BWDIK Haim

To: Monty Lenard who wrote (29324)	9/29/1998 1:31:00 PM
From: Tom M	Read Replies (1) \| Respond to of 94695

From 4/30/98 "Clinton: Don't worry about bubble" Can't find this online anymore but I just came across my printout from CBS MarketWatch. This is Clinton talking about the "correction" from ~9100 to ~8600. Has some language that now looks pretty ironic: "Clinton said he wasn't worried about the direction of the market. "Even when it dropped a lot," he said. "I wasn't terribly worried because I thought it was a correction based on the judgment of the people in the market, because our underlying economy was healthy, and *our financial system was* honest and secure and had integrity and we had strategies for continuing long-term growth."" Obvious now he used was** because of his confusion around the word "is". <g> (Even scarier if he had carefully chosen "was honest..." over "is honest...")