Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (42461)	7/29/1999 9:11:00 PM
From: William H Huebl	Read Replies (2) of 94695

GZ, What? The incredible GZ moneybags asking ME for an opinion??? Well I do declare! Seriously, I got my puts too late in the day to be of any use... tried to get them yesterday, but you know me... gotta hold out for the last 1/16th! I think Mr Market is headed lower... and we could have a waterfall sell-off tomorrow. Let's watch Globex, which is down right now. I have my puts pegged at a doubler for now and if the Globex is hard down tomorrow, I will know to change my order to a tripler, at least. One of the things you can notice happening, which is what I expected, is that the bond market is tanking right along with the stock market... well that makes bonds even MORE attractive - the 30 year bond got up to 6 1/2% at one point today. So this market may well feed on itself into oblivion. Bill

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