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Biotech / Medical : A crash for the markets - a crash for biotechs ?

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To: trevor john wilkinson who wrote ()1/15/1997 7:32:00 PM
From: E.>R. Bell   of 74
 
Hi Trevor John, re: comments in Dec about mkt tanking in 97;
have some serious thoughts along those lines, then i look at
volume of new money coming in;have to wonder , how much of this
kind of loose change is there, ex. 10.6 bil coming into mutual
funds last DEC. you must have some basis for your caution, mine is
long time investor from the 50's, so where is the weakness coming
from if the >Congress doesnt pull downsd the spending activity??
selling call on S & P June-97 $15,200. is that enough premium.
that is a 789 call.
any comments. >Thx. E.R.Bell
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