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To: Thean who wrote (3888)10/7/1998 10:09:00 PM
From: SJS  Respond to of 14427
 
Japan's already given half of it back so far tonight...

Japan Nikkei 225 ^N225 10:02PM 13366.74 -458.87 -3.32%

PS: Got this on SD:
_____________________-
biz.yahoo.com

If Venuzeula break their production cuts and the quota system OPEC has crafted to stave off economic collapse, other's will surely follow, citing similiar problems. Oil, like everything else in a deflationary environment, will go back under 12, or even under 10 with the ensuing glut.



To: Thean who wrote (3888)10/7/1998 10:36:00 PM
From: Alias Shrugged  Read Replies (2) | Respond to of 14427
 
Thean - Thanks for the WMT TA read. I'm hoping to stay short WMT and not screw with the position.

I visited the SD thread for the first time in 2 weeks. What part of the phrase "Global Recession" do they not understand??

Doug van Fant (sp?) said something funny last night. Reacting to some piece of news, he said "I sure wouldn't want to be short any NASDAQ stocks tomorrow." <g> And Doug is a bright guy who always posts good info.

I will continue to monitor that sector for a decent bottom. I also peak in on the semi-equip sector, looking for the bottom there.



To: Thean who wrote (3888)10/7/1998 11:34:00 PM
From: HH  Respond to of 14427
 
Greetings earthlings...... How is that dow jones thingy holding up? HH



To: Thean who wrote (3888)10/8/1998 1:07:00 AM
From: waverider  Respond to of 14427
 
Thean, are you short LU and/or Cisco?

<H>

>>If Nasdaq has a relief rally with CSCO and LU rallying, it may rally a bit. It still has a bloated PE and will most probably have negative earning next year. I have never kept something for so long but
I'll let it go to the single digit or a basing pattern, whichever come first.<<