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Politics : Idea Of The Day
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To: Jerry Olson who wrote (22887)1/25/1999 4:02:00 PM
From: Judy  Read Replies (2) of 50167
 
Listen, my dear, I will post when my market views change. Until then, macroeconomic conditions are benign and the market continues to make a rounding top. As for the devaluation concerns for China, I have alerted this thread to that possibility a year ago when the Asian flu reared its ugly head. Should that happen, the row of dominos will fall and the market becomes a brand new game. My sense is that the international powers will not let that happen, however they will allow the markets to readjust.

OJ, you should be selling puts in before the upside elasticity wears out.
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