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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (55776)	10/18/1998 10:37:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 58727

Remembering 1982... Sergio: I remember the early eighties... I was looking for a mattress to hide my money under... There were also big worldwide concerns then... The difference was we had 18% interest rates... Then a Saloman Bros. Economist (Henry Kaufman) said interest rates would be coming down and BOOM, the Grandaddy of Bull markets started... I was in disbelief for the first 500 points... I was sure the market would come back down... But it kept climbing that wall of worry... The key was declining interest rates... Today we have a deflationary environment... But at some point, lower interest rates do affect the market... That second 1/4 point Greenspan edict did it... The market listened... It didn't listen two weeks ago... So, I have to assume that anticipation of another rate cut would add more fuel to a favorable market environment... With this said, we could still revisit the old lows one more time before killing the BEAR... Jim