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To: OtherChap who wrote (24467)11/4/1998 2:56:00 PM
From: e. boolean  Respond to of 164684
 
O.C. -

10 yr note auction today was "very poor", on top of similar weakness yesterday for the 5yr - DJIA started selling off immediately. Too bad the DJIA/AMZN program has't been in effect the last few days! It's been ignoring the drop so far - oops, there it went.

I can't get sound on CNBC. They don't want people to know what's going on? More fodder for the conspiracy theory!

e.b.



To: OtherChap who wrote (24467)11/4/1998 4:57:00 PM
From: Randy Ellingson  Respond to of 164684
 
My personal feeling is that when the "BIG ONE" hits, ie the market crash that everyone is in denial will ever happen, well when it hits it is going to hit HARD. As in that new lock down limit every day for 2 or 3 days. The individual investor didnt even flinch at the recent one. They need to be on the verge of jumping out of their office windows or stepping in front of a bus. Until I see some kind of sign that pain has been inflected on the "buy the dip" crowd, we haven't even begun to see a correction.

Also, I think the crash is going to come without any warning whatsoever- unless you were smart enough to notice the performance of KTEL, rising from the sleaze, and to top it off, the 30% price increase in Boston Chicken 1 day after it declared Chapter 11. (check the price today, im not kidding!)


OC, are you an investor or what? BTW, 30% of nothing is still nothing (unless you were long from the bottom). But what kind of talk is this you type? Are you all in cash, or are you holding some stocks (e.g., DELL)? Of course the market will crash someday, and maybe soon. But are you going to pass on the long-term holding in the meantime?

Randy



To: OtherChap who wrote (24467)11/4/1998 11:30:00 PM
From: H James Morris  Respond to of 164684
 
Oc< I like to think of those as my two signs of the apocalypse. :)>
The bears are out. Until after Xmas.