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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (16776)	10/16/1998 6:07:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 18056

Latest Contrarian stocksite.com << Bad news brewing ... We have now seen a stupendous turnaround from last Thursday. However violent the selling was a week ago, the buying has been just as aggressive. Some of the big names that I follow have rallied 40-50 percent in the space of five sessions. Obviously the rumors about Bankers Trust (BT), Lehman and BankAmerica (BAC) et al. being in huge trouble, must be true. To compound matters, there was a story in the Washington Post (the official Fed leak source) that quoted an unidentified Fed official as saying that unless something catastrophic happened between now and the next FOMC meeting, they wouldn't change rates. Something major is brewing in the bad news department. >> Now, all that said, let's make hay while the sun shines. :-))