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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Robert who wrote (43236)	1/13/1999 3:39:00 PM
From: Bonnie Bear	Respond to of 132070

I'll offer an educated guess... Valuations have nothing to do with this market. The big banks/brokers all have derivative contracts tied to the S&P, Nas and 30-year bond that have to settle at a certain time, some were bought years ago. So money is borrowed from one place to lend to another to settle a contract. Think about this on a global scale, the derivatives contracts are a metastasizing cancer on the world financial markets, they suck life out of everything around them to increase their size. So was the timing of Brazil a coincidence? I don't think so. Anything not tied to the S&P and tech index futures is suffocating a slow death, they are being sucked dry to feed the cancer. Some big banks should go bankrupt to end it IMHO.

To: Robert who wrote (43236)	1/13/1999 5:23:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

Robert: I'm no help on this one. Must be the need to get ready for the Spring planting of tulip bulbs.(g) Best, Earlie

To: Robert who wrote (43236)	1/13/1999 6:08:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Robert, You have to learn to think like a tech permabull: Step 1. Get a frontal lobotomy. Step 2. When something bad happens domestically, say that we are now is a global economy. Step 3. When something bad happens internationally, say that foreign sales don't matter. Step 4. When eps decline, say that is history and focus on the future. Step 5. When the future continues to crap out, ignore fundamentals and simply buy because they are going up. Step 6. Always make certain that Mr. Greenjeans in Washington will print more money for idiots to gamble with. MB