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To: Mohan Marette who wrote (70630)	10/8/1998 3:17:00 PM
From: dougjn	Respond to of 176387

Yes, you are right. Banks and brokers are screaming in pain. The mortgage securitization industry has shut down. Banks are stuck with negative spreads on a lot of what they are doing. Credit crunch coming. Doug

To: Mohan Marette who wrote (70630)	10/8/1998 3:30:00 PM
From: Sean Sheldon	Read Replies (1) \| Respond to of 176387

To All: Based on the remark below I sold some dell that I had bought this morning. What do you folks think!!!!!!!!!!!! Wrong! Dispatches from the Front: The Trading Goddess Says: Get Out By James J. Cramer 10/8/98 12:32 PM ET Bonds getting killed. Dollar getting killed. Market getting killed. Hedge funds leveraged to their eyeballs and still betting. Horrible week. Never seen worse ... Am I describing the screen in front of me? No, I am describing the week before the crash in 1987, when I saw all the same crazy things. I have not invoked '87 in any of my writings before because I have always felt that '87 was an aberration. I sold into the week before the crash, at the urging of my wife, who said she did not see enough capitulation from the mutual funds. She did not see bid-wanted situations. Same thing now. Same wife saying get out. Same ugliness like you would not believe. And it was before the crash. Same feeling; same pit-of-my-stomach feeling