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


To: marginmike who wrote (43626)9/25/1999 8:32:00 PM
From: William H Huebl  Respond to of 94695
 
marginmike,

Yes to both...

with OPEN INTEREST (OI) ratio on the equity calls to index puts at 26::1 AND it has been that way for several weeks and is climbing... that is speculation fever gone way overboard.

The only saving "grace" is that bond interest rates may be coming back down... and of course THAT can be due to people bidding up the price of bonds as they exit equities and enter the bond market.

So if I am right about there being a 2-3 week move back up, I would HIGHLY think (with all the caveats in place including BWDIK, IMHO and so forth) going to cash would be the safest and most prudent investment approach at this time.

I am NOT an investment advisor and cannot recommend anything to anyone.

Bill