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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (1937)	10/3/1998 6:30:00 PM
From: Joseph G.	Respond to of 3339

It's ridiculous to compare recent selloff (so far) to November '29 when Dow already plunged by 50%, and people were jumping out of windows ... VIX was over 150 in 1987. VIX can change beteewn zero and infinity, like a stock. To say that any given level is too high or too low is like saying this stock is too high or too low based just on the numerical value of its price per share. Almost.

To: yard_man who wrote (1937)	10/4/1998 1:52:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 3339

Tippet, I was only the messenger!<G>I guess if you look at the hedge fund losses you can see how well bottom fishing worked for them.And you are right that true fear/panic has not occured.Perhaps only some really sharp CEO's are the one's with the best knowledge of what the impact will be over the next 6-12 months.And my best guess is they are not 100% sure yet.Things are pretty "messy"...social,political,economic and moral chaos prevails and we are part of a global economy. I am not trying to oversimplefy and feel there is no silver bullet to clean up this situation.There is a lot of global "pain" that we cannot totally avoid. In short, I agree with you...just trying to know when to buy puts and when to buy calls and not holding any position long.Cash is best,IMHO,because in the long run many of these beaten down companies will fare well and the bargains will be numerous. Regards, Barbara