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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (14082)	11/12/1997 4:51:00 PM
From: Autumn Henry	Read Replies (1) \| Respond to of 50167

Jerry, in the kibble and bit department: Yesterday, a professional s&p trader said that "they" expected the somewhat typical rally for year end but that we need to not go below the Aug. lows whatever that really means. I "should have" known better about this today cause I thought....how untypical the last two days with low volume and still the market goes down....I thought....then what will happen when the big players play on Wed. and the volume goes up? Market should really get hurt. Usually when the bonds are closed like yest. it is a case of the mice playing when the cats are away with stocks going up and with low volume that is twice the probability that that would happen and that the mm had so many shares from recent selling led me to believe that yest. would be a good day to get rid of some and they didn't and I thought....oh, oh..... Then this morning with lock limit down and the probable usual rally before and sell off after the Greenspan announcement.....well that didn't seem like we would end the day higher. Then Goldman Sachs having a call to discuss techs and Asia--then announcing it would impact them negatively......then the banks being downgraded.......then the s&p peaked way too early before Greenspan and I thought double more and more ....oh, oh...... It didn't help to see/hear the shaky voices on CNBC today from guys I am not used to see shaky. When I believe Prudential or someone had a female analyst on I see alot-- and when asked what she would do to put money into for good/safety move and she practically spit out at the screen (almost had to get my windex out from her interview!) and jumped out of her seat-----CASH!.....I thought triple oh, oh..... Isn't it three oh, oh's, and you are out.......:)? I passed go and didn't collect any $200 knives though I sure was tempted......didn't end up in jail either......:) Autumn gold hit twelve year low today......why is that bad? I remember someone on CNBC university saying that if it went below $300 they (in metaphor) would jump off a bridge....