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To: pater tenebrarum who wrote (80028)3/14/2001 9:07:56 AM
From: JRI  Read Replies (3) | Respond to of 436258
 
What happens if Greenspan comes in, lowers 75 BP today, and the market rallies a little...and then rolls over....wow...that would be devastating...

All the talking heads coming on TV...saying "BUY, BUY, BUY" or we won't have a job in a few months...



To: pater tenebrarum who wrote (80028)3/14/2001 9:10:11 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
Today might be the day to unload my BK insurance puts. I will gauge the put-buying pressure in this initial downdraft. It may pay to unload here in a big move and then reload on the technical rebound.

(Of course, many traders did this in 1987 (sold soon I mean) and kicked themselves for doing so.)