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Pastimes : Ask Mohan about the Market

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To: Barbara Barry who wrote (7922)11/14/1997 3:31:00 PM
From: Zeev Hed  Read Replies (1) of 18056
 
Barbara: I do not think that this is going above your shift point of 7750, but it definitely does not seem to want to close below 7400 either (I need a new cup of tea leaves). What the Brazilian are doing will be the worth thing they can do, it will soak liquidity from the economy and put into paper assets (providing loans to help buy backs and rasing the ceiling on allowed buy back), the Japanes have not done a thingm, and particularly not what they needed to do, lower taxes, so, I see the Asian situation getting worse rather than better over the next three months. What do you do about Dec. put?, that I cannot help you, I think that we will still belower than were we aare today by the end of next week, but that is a very short fuse for you.

Zeev
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