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Strategies & Market Trends : Waiting for the big Kahuna
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To: Hawk who wrote (1837)7/2/1997 7:31:00 PM
From: William H Huebl   of 94695
 
Hi Marc,

With the high short interest level now, good news is likely to have a multiplying effect on the markets. I think that is why some of the auto stocks popped... news generally was not all that great unless something came out within the last 24 hours I don't know about... of course autos are interest sensitive also.

I think your opening statement IS likely correct, this market still has a lot left in it. It makes me wonder what would have happened if AG had raised rates... we probably would be at 9,000!!!

I am hanging in there to see what the employment figures do... and I may just pick up 10 CAT puts at 1.

Regards,

Bill
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