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Strategies & Market Trends : Waiting for the big Kahuna

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To: Oeconomicus who wrote (27327)9/11/1998 8:30:00 AM
From: James F. Hopkins  Read Replies (2) of 94695
 
Bob: I got up early, ( 5:30 ) no rain went out and could see a few
stars this storm must have put on some speed and moved inland,
and is breaking up. It was more like a monsoon than a hurricane,
person across the street has a rain gauge, says we had 11.5 inches
since 7:30AM yesterday. Last night it was after midnight I went to
bed and looking bad as our street was under water. This Morning
it's mostly all run off, and while I expect some more rain , I
don't expect it to be anything like yesterday. This thing didn't
have a lot of punch , it was just very big in area and had mucho
rain. News reported 26,000 without electricity at 6am , by
7am that was down to 18,000.
The front beaches all got flooded, but by noon today I expect that
to be back to almost normal, except for the clean up as many of
them got water in their homes.
---------------------------
The futures look to be about $5 below fair value, if that don't
change we gap down, and then make a new low. It don't seem money
should be running into gold right now but my GOLDX is flying.
Got to run
Jim
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