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Pastimes : Ask Mohan about the Market

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To: purecntry5 who wrote (7209)11/6/1997 11:41:00 PM
From: IceShark  Read Replies (3) of 18056
 
cowboy, You are right on re: after an hour at -550 she is fair game. I thought we might see that on last Tuesday but the IMF and other biz like IBM put the old kabosh on it.

Would be interesting to see, but everyone here is so convinced something bad will happen ....

Now the big question is whether they would just close down the exchanges at a 1000 down, or somesuch. I doubt it, would put too much fear and embarrassement into the market - I think the last time the market closed was when Kennedy was assassinated. So some type of intervention would be more likely. BWDIK

Regards, Dan
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