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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (7616)8/10/1999 5:59:00 AM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
** Market Commentary ** S & P has corrected 8.53% with the NASDAQ at 12%. The S & P closed at 1297.8 yesterday with the NASDAQ at 2518.98. Benchmark intraday lows for last Thursday are 1287.23 for the S & P and 2474.41 for the Nasdaq. We have already pierced the closing lows with the trading during the last hour yesterday and it will be interesting to see if we can hold the intraday lows given how the bond market sunk yesterday pushing the yield up. This does not look too promising as I write as it looks like we may have some asset reallocation going on this morning from stocks to bonds (and cash?) as some of the big boys seem to be poised to do some selling given the action in the stock futures.
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