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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (21911)	8/10/1999 10:05:00 PM
From: SBerglowe	Respond to of 42787

An interesting post. I have a small position in Sept puts. Bonds should hold the key. I don't have time to play in Aug, as I am leaving for Europe imminently, and will be traveling and playing. They ran the futures several times this afternoon to a premium and that forced S&P funds to buy into the market. Just think what a bear market does to Wall Street. All those million dollar salaried Sr. VP's and all the fat cats in Investment Banking would be looking for consulting jobs, or become day traders. Too many permabullls, who innocently believe in the "all-good", ever upward market. Reality check. I think you have to pay a little for the premiums or find superior stocks to short. From another thread: To: FredE who wrote (30028) From: SE Tuesday, Aug 10 1999 5:35PM ET Respond to Post # 30030 of 30041 A snipet from the review section at this site: crbindex.com "Nearing the close, Goldman Sachs was buying Sep Nasdaq futures, pulling the market off its lows as the technology sector bounced a bit. However, CME traders said the "smart money accounts" were again selling into strength and said volume was better on downdrafts than upticks. Astrologically minded chartists also made note of a big event Wednesday that could throw the market into another tailspin--a total solar eclipse, the fist in 72 years. "We see 2 to 4 eclipses a year, but this one is a biggie," said Henry Weingarten, managing director of the Astrologer's Fund. "We are in a market that is runaway. One effect that eclipses have is that they can stop markets."