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

To: Vitas who wrote (30970)	10/9/1998 4:58:00 AM
From: Jim Naysmith	Read Replies (2) \| Respond to of 94695

Given the current media tide, it seems to me you are taking a very contrarian view in todays climate.

To: Vitas who wrote (30970)	10/9/1998 9:11:00 AM
From: robert b furman	Read Replies (2) \| Respond to of 94695

Vitas - how about this for a positive note: The world's financial markets are now operating with a significant reduction in leverage.As Mr greenspan pointed out :The lenders are the only police in the market that can unwind the leverage created by the hedge funds. It is amazing how bankers get religion after a couple of Billion gets burned off their tailfeathers. Positive Note # 2 A weaker dollar will solve the brasilian real possible devaluation. Positive Note # 3 A strong Yen will give Japan room to solve their ridiculous banking crisis with public fiat money - just like we jicky dooed the S & L crisis and the RTC. It did put an end to the problem (took 2-3 years) Positive Note # 4 S & P tested the resistance line but didn't violate it.Don't all GOOD SHAKEOUTS require this? I THINK SO. Positive Note # 5 DJI just plain held! Positive note # 6 Mr joe six pack has proven he is in this creation of capital for the long haul.The capitulation was done on a volume reversal day (yesterday) by the "PROS".These billion dollar losers were the smart guys who had leverage multiples that would scare the pants off carl while he was shorting with a molten lead enema(just love that). In short the last year of contagion to financial crisis is a market event not an industry event.I think this is not over - but I wonder if the net result is a global economy with lower interst rates - will that not result in a record fast recovery - certainly one that is faster than a global economy that is being cooled off with high interest rates. BWTHDIK Bob