Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (10876)	8/14/2000 2:12:49 PM
From: pater tenebrarum	Respond to of 436258

that is what i have been asking myself as well...i think they're actually NOT betting on a downturn per se. there has been heavy buying of stocks by NYSE members for an unprecedented stretch of 13 weeks in a row (only recently interrupted by a little selling). so the big commercials short position in the spoos may merely represent a hedge against their huge long position in stocks. what is more amazing is how the small traders on the other side of that trade can be so right...that's what's truly unusual. looking at the big rallies in utilities, brokers, insurance stocks, drugs, etc, essentially all the rate sensitive stocks, one must assume that the rally has quite a bit to go...