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Strategies & Market Trends : Canadian Options

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To: Sleeperz who wrote (646)	8/12/1997 6:33:00 PM
From: Sleeperz	of 1598

Some dealers said strength in the dollar hurt exporters, which extended the Dow's tumble. Large exporters losing on the session included Procter & Gamble down 4 1/8 at 142 7/16, Merck fell 1 5/8 to 93 5/8, and Caterpillar down 11/16 at 58 9/16. Deere was also down 1 9/16 at 55 3/8 despite posting earnings which jumped 24% in the third quarter. Mace Blicksilver, chief dealer at Credit Lyonnais, attributed the poor performance of multinational companies during the session to ``a realization of the strong dollar.'' ^^^^^^^^^^^ DOH! eh Convient to notice after the markets hit all new highs and are Ripe for a decline. biz.yahoo.com

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