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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (35402)4/22/1999 9:37:00 AM
From: Lucretius  Read Replies (2) | Respond to of 86076
 
bond is taking a hit.. we have hope mythie (but that's about it...)

we need a reversal today.. or we're screwed.



To: MythMan who wrote (35402)4/22/1999 9:41:00 AM
From: IceShark  Read Replies (1) | Respond to of 86076
 
Man some of these gap ups are stunning - yet HWP is down and CPQ is a push. We might have a chance to reverse from the open. -g- If anyone is short POS2 better watch out. It reports after the close and Mr. Ponytail is going to be on CNBS. He wouldn't go on if he didn't have something good to say.



To: MythMan who wrote (35402)4/22/1999 9:44:00 AM
From: accountclosed  Read Replies (1) | Respond to of 86076
 
None of us know what each other are really doing. The thing that has me off on this tangent is the everyday scenarios that we crash last Friday. Aol will be 80 on last Monday. Cpq will be 7 on last Tuesday. We crashed last Monday. Last tuesday, the dollar will get creamed...Look out below. etc. etc.

Chasing the scenario and the exact timing obsession make me conclude that some have lost the 90/10 and 1/3rds discipline. It may be a wrong conclusion. But we don't really have the data so I have to work with what I see.

I have said for a long time that I think valuations are out of whack. I'm not doubting that. I'm not doubting that a 90/10 and 1/3rds discipline would have even caused pain. But the tomorrow we crash...no we're doomed...talk has escalated to such a pitch that it has me concerned.

I just don't want my friends to get hurt.



To: MythMan who wrote (35402)4/22/1999 11:55:00 AM
From: Mike M2  Read Replies (2) | Respond to of 86076
 
MM, as I have said all too often- there will be tough love fer all. The bears have gotten theirs next it will be the bulls. BK is not a myth but it is quite evasive . The longer the orgy continues the greater the damage. To maintain this credit bubble - credit must expand at an ever increasing rate to maintain the stimulative effect - much like a junkie needs higher doses to get high. This is not possible at some point there must be another credit crunch. I cannot tell you in advance when it will happen but extreme leverage leads to economic violence and tough love. The bigger the boom the bigger the bust. HO HO HO Mike