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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Boca_PETE who wrote (1784)10/23/1997 8:57:00 AM
From: Wally Mastroly  Respond to of 42834
 
Some possible impact of Hong Kong on today's U.S. market-
A quote from one of the links below:

"A trading rule of thumb is that a one point drop on the S&P futures index corresponds to an eight point drop on the Dow Jones industrial average's open.That could mean a 113 point free-fall at the open."

cnnfn.com

cnnfn.com

usatoday.com

Some opinions are for a short term impact on the U.S. market. I tend to agree - but the psychological impact is hard to predict.