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Strategies & Market Trends : The OEX... gasp!
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To: Jerry Rosenberg who wrote (156)12/9/1996 10:20:00 PM
From: Stuart Briscoe   of 658
 
All we'll hear about tomorrow is the book to bill. Just like in the past, when the semi industry had good b-t-b ratio it was the greatest indicator of a thriving industry. When it was down over the summer it was "not a true indicator" of the industry. Hey, it's Xmas season. Of course it's going to be up. But does that also point to increased consumer spending or an overheated economy, thus raising the inflation prospects?

I'll wait until the CPI number is out to decide to hold or sell my dec puts, but I think the bulls are trying their best to end the year on an up note. If the market rally's much more I won't have to worry about selling the puts- they won't be worth much. I'll be deciding about which Jan. puts to get.
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