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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (20781)11/29/2000 6:26:49 PM
From: limtex  Read Replies (1) | Respond to of 65232
 
Vol - Futures are actually recovering a little and now down mid 50s. Sure that can get worse by the morning but I think there has been a real panic this evening as people are jittery anyway BUT GTW is a specific case. There will be other specific cases but

the economy has not just fallen over a cliff.

It has no doubt slowed and slowed more than most expected and the OPEC tax is now no doubt taking a bite and so is the unwealth effect and interest rates but there is as yet no evidence that the economy has collapsed to the extent suggested by the GTW warning.

Best regards,

L