Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: paulmcg0 who wrote (43258)	8/29/1999 8:21:00 PM
From: William H Huebl	Read Replies (1) of 94695

Paul, Exactly right... the volatility is a discounting measure (I think I have that right) for options and right now it is saying prices may drop as much as 25% (cheez... wouldn't that put it fairly close to my 7,900 forecast?). The problem with all these mathematical things is that the market is run by people and not mathematics. So when the pendulum starts swinging, look out! BWDIK? Bill

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