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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (11888)12/19/1997 11:18:00 AM
From: HB  Respond to of 18056
 
Glued to the quote screens cackling with glee?
Having gotten into BEARX last week, and shorted SPY over 97 two
days ago, that's kind of how I feel. Of course that's about
balanced by longs in semi equipment stocks (SFAM up today though), Japan (JOF), the Phillipines (FPF),
and Chile (CH). Also the Czech Republic Fund, CRF, which is actually
up today. (I recall some brokerage mentioning Eastern Europe as one
of two areas that could still absorb new investment and grow strongly,
maybe that tout is why.)
Still, at times like this I'm tickled not to be losing money.

Thanks to Mohan, Zeev, Bonnie, Tommaso, and many others for
interesting and useful insights on this thread.

15 minutes? It may be longer this time.

Howard



To: The Perfect Hedge who wrote (11888)12/19/1997 11:28:00 AM
From: Cynic 2005  Read Replies (6) | Respond to of 18056
 
GD, for some reason my access to SI is very slow. I wonder if it is the case with others. I don't really see any panic-selling most selling appears to be index expiration related. When it comes to market related action, MOT is unique. It tanks when market rally's and stays firm when market is tanking. It is not out of the woods, yet! Looks like some bears have started to cover already.
-Mohan



To: The Perfect Hedge who wrote (11888)12/19/1997 11:39:00 AM
From: yard_man  Read Replies (1) | Respond to of 18056
 
No big Kahuna, yet ...

But I'll bet some of the bears are smiling.



To: The Perfect Hedge who wrote (11888)12/19/1997 12:18:00 PM
From: Joss  Read Replies (1) | Respond to of 18056
 
Hi Glen,

Market now up about 100 points from morning lows. Still down 150 overall. Wonder if todays party is over or will there be more to come in the last hour?

Steve