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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: bill meehan who wrote (65692)10/1/1999 10:09:00 AM
From: Defrocked  Read Replies (2) of 86076
 
AG likes that indicator a lot. The certainty
of no Fed hike Tues. has diminished indeed.

If Bulls don't take profits now, When????

What is the upside of holding on to stocks
after this huge runup??? Higher earnings??
Higher P/Es??? Lower rates??? Foreign buying???
NO,NO,NO and NO.

Instituions may lay in a barrage of hedges in
SPoos and OEX puts today. Active fund managers
HAVE TO take some profits off the table TODAY
and buy downside protection. BWDIK.
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