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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (17449)4/27/1998 8:46:00 PM
From: robnhood  Read Replies (1) of 94695
 
<< The
WSJ article kind of spooked the markets.>>

Haim, So far they have pulled this market up with all kinds of shenanigans just about the time it was running out of steam. Mergers, buyback announcements, splits, beating estimates. I believe the Journal article was about rising rates. Well this afternoon Rubin apparently came out and said rates were going down. There was a long pause in the market, longer at least then I thought it should have been , and then a grudging rally started, which was helped by a weird reversal in Amazon, which apparently just announced a 2 for 1 a few minutes ago...

russell
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