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Pastimes : All Clowns Must Be Destroyed

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To: MythMan who wrote (18547)3/17/2000 9:07:00 AM
From: KeepItSimple  Read Replies (1) of 42523
 
Like I said last night, when index options expire this morning I think we're going to see quite a pullback in equities.

The rally for the last two days was entirely due to panic unwinding of a long ndx/short spx straddle that every fund on earth was playing.

When this month's index expires, they'll have all unwound.
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