Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (12013)	12/21/1997 3:02:00 AM
From: kas1	Read Replies (2) of 94695

>Why don't you think an index extracted from options on >something like that could be indicative of general market >health? do you have a link to a list of components of the oex? it just seems to me that "where it's at" today -- in terms of real economic growth -- is companies like microsoft and cisco, not companies like general motors and kodak. a decline in the dow may be reflective of those old-line companies, rather than of the market in general. friday is a prime example. even when the dow was at its intraday nadir, all my holdings (all techs) were strongly up for the day. is this a weak market, i ask? besides option traders, the only people losing money were shareholders in general motors and eastman kodak -- and i say let them eat cake! those companies are of ever-decreasing relevance. bwdik?

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