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Strategies & Market Trends : Tech Stock Options

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To: Lee who wrote (56573)	10/28/1998 1:00:00 PM
From: B.REVERE	Read Replies (2) of 58727

Lee, I was referring to the s&p futures which are highly manipulated right after the market closes and right before it opens. Only the fed had the funds to turn the markets on Aug 31 and OCT 8TH. No fundamental news reversed the market those days which would have easily penetrated support levels. Wall street was pissing in its pants those days and AG came to the rescue. Except he was trying to rescue LTCM not 401 k money. As far as the economy, layoffs are happening more frequently every day as companies cut costs to survive. You think people care if a report says we're ok? When the see their neighbor get axed after 15 years on the job at the same company, how secure do they think their job is? Doesn't do a lot for consumer confidence and those numbers are coming down fast. Consumer spending drives 80% of this economy. With confidence levels dropping, companies are scaling back on spending and recruiting. GDP this quarter wiil be the last positive one for a while. If you think the fed gives a damn about the public, read on. nypostonline.com Later, BR

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