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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Joseph G. who wrote (5252)9/6/1998 12:09:00 PM
From: HH  Read Replies (2) of 86076
 
Joe G, Have you been able to digest Greenspin's speech?
Sounded to me like he might be leaning in towrds a
drop.
The arguement could be that while a 1/4 point drop
might not fundamentally change things, the effect on
confidence could assist the global deal.

Also, It seems likely to me the japanese were big sellers
of big caps recently as the USD v. JPY movement would imply.
I'm still expecting a rally as MM might feel compelled
to look at this 20% markdown an opp to buy in.

HH
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