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To: Alski who wrote (4881)	10/30/1998 7:10:00 PM
From: Thean	Read Replies (3) \| Respond to of 14427

Alski - I think I see a sad episode here today, the roman god is shaken to the point of almost admitting he has lost a fortune here. But understand LT, he will fight on. Words are free, his money is free too. You guys have to understand this guy is so filty rich that he can get wiped out and feels no pain. Risk means nothing to him. LT - if you recall, you brushed me aside and called me a fool trying to teach a god how to invest when I suggested you cashed in your most profittable position in CCI (when it was below $90 pre-split) so that you could play with house money and removed all risk with your capital. You convinced me that 1. you either have unlimited capital flow (which you keep denying); 2. you really are investing with monopoly money (which I think is doubtful); or 3. you have truly believing you are no longer a roman god but a real god who can see the future. Well, the fact remains that you made a great call a few months ago but you have gained nothing from it. It's very sad to see that and I want you to win too because you have been such a good tool to us a few months ago. All your suggestions were good. But then, maybe we could have shorted any stock and it would have worked just as well. Anyway, I sincerely hope you have a good rest this weekend and don't think much about the market. You need a good rest. Beebles - don't you believe in LT?

To: Alski who wrote (4881)	10/30/1998 7:11:00 PM
From: Lucretius	Respond to of 14427

wow, if you want a Halloween scare... check this out in Fleckenstein's Rap. EVEN HE has turned short term bullish.... can anyone say... "sell signal?" who is bearish and has the trade on besides me????? I honestly wonder? "The bottom line is that the Fed is determined to print money until the cows come home, and it has been doing so. The ramification is a weaker currency, and at some point the bond market won't like it and the stock market won't like it. In the meantime, the stock market loves it, the bond market doesn't mind it and the dollar has been acting kind of heavy. It is a brave new world and the Fed is on the stock market standard. The only thing the Fed is supposed to do - preserve the purchasing power of the currency - is the one thing that it doesn't seem to give a damn about. The Fed thinks it is supposed to preserve the stock market and the economy. I think that Greenspan believes somebody elected him economic czar. You all know how I feel about this guy, so I won't vent on a Friday afternoon after a week like this. People need to plan accordingly, as this is a very unusual period. Here we have witnessed the biggest bubble in history and now, just as it is starting to contract, the Fed is trying to stop it. The Fed is very good at getting its own way, except in post-bubble environments. After the 1929 bubble and the bubble in Tokyo, it made no difference what the Fed did. These developments of government intervention and manipulation in the financial markets around the globe are not bullish. (****my note.. here's the short term bullish part I am talking about...) BUT it is not necessarily bearish in the short run, either. We will have to look for clues. Speculators will say that the Fed is easing and stocks will go up. They might be right and may have some fun for a while. But this can't thrill anyone who is a true investor, even if the market does go up. When these things unwind, as they inevitably do, they do so very fast. When the rug gets pulled out from under you, it happens quickly. Witness what happened in Asia last year and what just happened in Russia. These maneuvers might be able to hold the market up for a while, but when this batch of manipulation comes undone, you will have to be prepared ahead of time. "