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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (6087)	10/10/1998 4:34:00 PM
From: NickSE	Respond to of 44573

OJ, Take a glance at this. Ironic how we are descending into the new millenium. Complete chaos! zdnet.com really this situation could have much larger consequences when you add, recession & Y2K, problems..Hey Tom, all this is going to happen next year!!!!!!!!! Christ!! this is no time for any long term investments, and probably people should seriously think about total liquidation to CASH!!!!!including their hard core long term positions... why not???, what the heck do we have to lose??? Cash will be, and always was KING!!!!! PS - Pick up some gold on the current downturn. With panic coming next year, gold will be the only safe haven next to CASH. Regards, Orbit

To: Jerry Olson who wrote (6087)	10/11/1998 10:54:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Thanks OJ--yep this hedge fund business is the big question mark. As you know based on our involvement in the Kahuna thread in times past, I have never been a great believer in the Kahuna striking--but if anything can cause it to occur at this time, it will be something such as the the unravelling of the hedge funds and the impact it will have on other sectors of the market. What we can surmise from the Fed rescue of LTCM, is that it must have been a very dire situation for the Fed to have stepped in--so the next question has to be -- "what else is there?". Tough call in terms of when to commit funds to this market -- but a wise man once told me, in wholly different context, when I was a student in England many years ago--"when in doubt, don't". It is a piece of advice that I have kept in mind through the years--in varying situations--and it has served me well. But sooner or later we'll have an opportunity to buy some great stocks at real fire-sale prices. My regards