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To: IceShark who wrote (17441)	2/1/1999 4:44:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

<<<LT was saying this same horsecrap every 15 minutes last week.>>> hey, give a guy a little leeway in calling a major mkt event. Is a couple weeks fudge room too much to ask? (G)

To: IceShark who wrote (17441)	2/1/1999 4:54:00 PM
From: John Pitera	Respond to of 86076

Ice, <<<<<LT was saying this same horsecrap every 15 minutes last week. How do you think the thread hit the most active list?>>>> We need someone to always be calling for a crash to prevent us from having one......it's ALICE through the Looking Glass.....Curiouser and Curiouser... <<G>> John

To: IceShark who wrote (17441)	2/1/1999 6:02:00 PM
From: Copeland	Respond to of 86076

I don't know if we're going to crash, but historically we're entering correction time -- the February hang-over after the December-January party. I thought it was coming a lot earlier than this and I bought my S&P and NDX puts way too early (week after options expiration), but the chance of a major correction is way too likely now: 1. We're in February. Historically, the month of corrections. 2. Earnings season is pretty much over. What do we rally on? 3. Markets are at or approaching all time highs. P/Es are astronomical. 4. Put-call ratio astronomical. 5. Bond crashing; Rate-sensitive utilities selling off big time now, especially after they crashed through the critical 300 level of support. 6. Major leaders in the market-leading sectors (tech and internet), with the exception of Dell, started to sell off. 7. Short covering in gold today. 8. A Fed reserve meeting tomorrow with no chance of easing rates. 9. Superheated GDP report (ala 1987) 10. Superbulls like Bob Brinker forecasting a 10% correction. Other bulls talking about giving their positions "haircuts." 11. Chartcraft bullish sentiment near pre-October 1987 levels. If there's an exhaustion gap tomorrow, short the hell out of it. I will.