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Strategies & Market Trends : Waiting for the big Kahuna

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To: tekgk who wrote (8125)10/28/1997 9:22:00 AM
From: Bilow   of 94695
 
Dollar dropping from foreigners concluding we will have to
devalue (IMHO).

Europe looked worse than Asia last night.

Today we are going to look worse than yesterday, (IMHO).

I be we trade 50% more shares than yesterday.

It will be more or less complete pandemonium. (BWDIK)

Most of the optimistic things said yesterday are going to melt
badly today. I.e. "It really wasn't such a large drop in percentage
terms." Like I want to explore some really large drops....

Volatility premiums are going to go through the roof, be sure
and sell your near the money options before this thing calms
down.

-- Carl
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