Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (17663)	4/30/1998 9:21:00 AM
From: Oeconomicus	Read Replies (2) of 94695

Jim, we're in the same boat and it's taking on water. Problem is we can't start bailing for another ten minutes (a little longer for options to open). My question is whether the worst of the rally will come so fast that anyone dumping puts/short positions might be better off waiting. The market was so primed to go wild one way or the other based solely on the ECI, but no one cares that GDP came in a 4.2%. That's .9% over forecasts, a miss that at any other time would have scared the hell out of bond holders. But someone said AG watches ECI, so ... Hmm, if I was paranoid, I'd think the spinmasters did a little advance work here. Bob

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