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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (12013)12/21/1997 12:32:00 AM
From: Richard Estes  Read Replies (2) | Respond to of 94695
 
The extreme hi-cap orientation doesn't mirror the market. But my questions are to draw you out on the rationale of your calls. If you have answered this in detail before, refer me to the source. Have you looked at a long term chart of VIX yet? Why do you think the past 4 months are so out of line with the past? How could you predict based on these new actions by VIX?

just curious.



To: William H Huebl who wrote (12013)12/21/1997 3:02:00 AM
From: kas1  Read Replies (2) | Respond to of 94695
 
>Why don't you think an index extracted from options on
>something like that could be indicative of general market
>health?

do you have a link to a list of components of the oex? it just seems to me that "where it's at" today -- in terms of real economic growth -- is companies like microsoft and cisco, not companies like general motors and kodak. a decline in the dow may be reflective of those old-line companies, rather than of the market in general. friday is a prime example. even when the dow was at its intraday nadir, all my holdings (all techs) were strongly up for the day. is this a weak market, i ask? besides option traders, the only people losing money were shareholders in general motors and eastman kodak -- and i say let them eat cake! those companies are of ever-decreasing relevance. bwdik?