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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (41305)	7/1/1999 9:54:00 PM
From: Berney	Respond to of 94695

Steve, I'm not in total disagreement. Let me share a quote I sent all my tax clients this year: "Corporations have been enthroned ... An era of corruption in high places will follow and the money will endeavor to prolong its reign by working on the prejudices of the people ... until wealth is aggregated in a few hands ... and the Republic is destroyed." --- Abraham Lincoln So, it seems that the concept has been around a considerable period of time, and to think otherwise is romantic and idealistic, but not very practical. Berney

To: clochard who wrote (41305)	7/2/1999 10:20:00 AM
From: C.K. Houston	Read Replies (1) \| Respond to of 94695

NYSE sets Q3 circuit breakers, trading collars NEW YORK, June 30 (Reuters) - The New York Stock Exchange, the world's largest stock exchange, said Wednesday new circuit breakers and trading-collar trigger levels for the 1999 third quarter will take effect on Thursday ... Under the new circuit-breaker levels, a 1,050-point drop in the Dow Jones industrial average before 2 p.m. Eastern time will halt trading for one hour, the NYSE said. Trading will be halted 30 minutes if the Dow drops 1,050 points between 2 p.m. and 2:30 p.m. And if the drop occurs at 2:30 p.m. or later, trading won't be affected. If the Dow drops 2,150 points before 1 p.m., trading will be halted for two hours. If the drop happens between 1 p.m. and 2 p.m., trading will be stopped for one hour, the exchange said. The NYSE said trading will be halted for the rest of the day if such a drop occurs at 2 p.m. or later. A 3,200-point drop will halt trading for the rest of the day regardless of its timing, the NYSE said. Trading collars, which restrict index arbitrage trading, in the third quarter will kick in when the Dow moves 210 points or more above or below its closing value on the previous trading day, the NYSE said. The collars will be removed when the Dow is above or below the previous day's close by 100 points, the exchange said ... biz.yahoo.com Cheryl