Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James F. Hopkins who wrote (43812)	5/23/1998 2:08:00 PM
From: Lee	Read Replies (2) of 58727

Hi James,..Re:<< watch the price of crude oil. >> It is absolutely true that the decreased price in crude has resulted in an indirect tax cut for Americans; however, I'm not sure that it can be tied directly to a future rollover in the S&P unless we would get a spike as in the 1991 Gulf War. The GCSI is 43.5% weighted in petroleum and the weekly chart looks bearish. barchart.com Also, the gains the overall market made last year were made with crude in the 20 - $21/bbl range along with interest rates above 7% a couple of times. chart5.bigcharts.com:80/report?r=chart&onbad=badsymbol&country=us&time=10&freq=1&compidx=aaaaa%3A0&ma=4&maval=9&uf=7168&lf=1&type=2&style=3&size=2&symb=TYX&comp=&sid=11421&sec=x&xyz=11559687&s=26882 So, while I agree that Tyx (interest rate) is sensitive to crude prices, I think that we have now too many off-setting factors which tend to keep things in balance. Also, Fed Chairman Greenspan watches scrap metal prices for hints of coming producer price increases. g Regards, Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next