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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (65841)	10/1/1999 5:10:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

yep...the important thing imo is that the utilities are WAY off their highs.

To: MythMan who wrote (65841)	10/1/1999 5:32:00 PM
From: Defrocked	Respond to of 86076

I'm looking at a UTIL graph from 6/87 to 12/87 right now. From the high of 214 on 8/14/87, the index moved down to 193 on 9/21/87. From there it rallied to 210 on 10/05, receded to 195 on the 12th, and came back to 200.6 on Oct.13. On Monday the 19th it was at 161 and only 177 on Dec.1. So the hitch-part was about 9% (from 9/21 to 10/05) before dropping about 20%, the bitch-part.<g> Keep in mind that the Fed is not in a position to bail us out this time. IMHO such a move could be disastrous for the dollar, potentially cementing the Euro as an alternative reserve currency. Enough doom-and-gloom reality. Have a good weekend.