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Re: wahz post# 6976

Tuesday, 07/23/2002 3:17:39 PM

Tuesday, July 23, 2002 3:17:39 PM

Post# of 704049
wahz--

Yes, that could be. And I certainly agree that we'll eventually reach a point where enough is enough. In fact, I don't have any short positions on -- I'm waiting around for a shot at a trading rally on the long side. This situation with the banks, though, has the "feel" to me like a revelation that could carry this cycle of scandal to the next level, and that could be a very scary thing indeed.

Personally, I don't know that I've ever felt quite so mystified by the markets. We feel so oversold, and yet the momentum on the tape and of the broader financial environment is really working against us. I'm happy to be in cash, biding my time--.

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