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To: Lucretius who wrote (5647)	11/29/1998 2:39:00 PM
From: 007	Respond to of 14427

I hope everyone had a very nice holiday. LT, I think your bearish scenario is becoming more likely each day, and those that regret listening to you, were actually quite wise to listen. However, collectively, we probably should have had the wisdom to see that more was happening here then the expected bounce. We should have been prepared to go long when the surprise rate cut was announced. For those doing some soul-searching right now, be careful not to teach yourselves "lessons" that could cost you capital in the future. This is a highly unusual time - any doubts about whether we are in an equity bubble should be cast aside ASAP. The craziness won't be over until nearly everyone has been humbled at one time or another. Look at those who have held long through all of this, they have learned that they never need to sell. They are doomed. The question is and remains one of timing. One of these days, weeks, or months it will happen. Will it be a double top? If so, there is money to be made on the short side. If not, there is more money to be made on the long side. Since short-term movements are likely to continue to be strong in one direction or the other, we should carefully monitor short-term indicators. 007

To: Lucretius who wrote (5647)	11/29/1998 6:41:00 PM
From: heraclitus	Read Replies (2) \| Respond to of 14427

LT do any of the JAN NKE puts look good to you? homer

To: Lucretius who wrote (5647)	11/30/1998 12:24:00 AM
From: James W. Riley	Respond to of 14427

Luc you said, "I see increasing numbers of different brokers advertising on regular TV. At first it was only Sat. afternoons during golf, now it is ALL THE TIME. I can't watch anything w/out seeing Peter Lynch's ugly face, or some clown telling me how he doubled his money on E-Schwab." My question is how do we know if the economy is good or bad, does not the media decide that issue ? Don't they conduct a poll, call up the White House, interview politicians, or ask a couple of Wall Street experts ? Then report on it one way or the other until we are convinced they are correct. If the market took a drastic drop would the chances of impeachment improve ? Lots of bad news out there that does not get much coverage during these wonderful days of a good economy and rising market. Sooner or Laterrrrrrrrrr