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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (369)	4/22/2003 9:09:46 PM
From: Londo	Read Replies (1) \| Respond to of 666

I know that perception creates reality at times, and the streets of Hong Kong are deserted, but just due to the fact that I turned on the 6:00 news today and the first thing they talked about was SARS, it's just like a pack of reports going after the next big thing. What the heck happened to Iraq? I'm not convinced - I think the reality of SARS, from what I see, is just like a bad form of influenza. Yes, people will die, but really, people will get out of their beds eventually and shop and do what people do. We face a higher risk of dying in a car accident than dying of SARS. The real question is when the perception that SARS is going to wreck everything will have been over-priced into the marketplace - that'll be the right time to go long. But you're right - I'm not convinced that the SARS-related mania is quite over yet. It certainly has reached a high peak, the SI message board is 70 new messages over the past 6 hours or so.

To: RockyBalboa who wrote (369)	4/22/2003 11:08:50 PM
From: Londo	Read Replies (2) \| Respond to of 666

Hang Seng has been an interesting beast today. It started off at 8553 at the opening, and then made its way up to 8619 and then it's back down to 8565 again.. it's been really volatile in the meantime. The S&P 500 premium in Hong Kong has been totally battled away, i.e. the large gain in the US stock market doesn't seem to have made much of a dent in HK equities. Anyway, I got stopped out at 8560 for pizza money. Knowing my luck, it'll be at 8700 tomorrow. This sucker is tough to trade.