Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (1429)	10/8/1998 1:06:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

If things get any worse the Fed should be coming to the rescue before the next meeting if necessary. The wealth destruction and negative wealth effect is obvious; are you ready to jump in and make an expensive purchase of an item you could comfortably live without at the moment?, I certainly don't think I would with the market like this. Looks like we have a good shot of finally getting that official 20% loss in at least the S&P today. I would say however that while this may not end up looking like healthy testing action the degree to which there is panic out there suggests we may get a good rally again before the close but at this point a bit of a crash into the close is an unpleasant possibility. Marc