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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tommaso who wrote (8013)10/27/1997 9:58:00 PM
From: Mark Adams  Read Replies (2) of 94695
 
Yes folks, the international markets have engaged in a bidding war, each raising the other in a high stakes poker match to determine who can sustain the largest single day percent loss.

On a brighter note, it would appear that some of the recently beaten up Semi stocks (off up to 50% of recent highs) held up well today, loosing as little as 5% compared to the 7% posted by the broader market.

Be forwarned that the downward spiral kicked off by short selling of futures could reverse itself quickly as short sellers cover their positions.
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