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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (207)	1/2/1998 1:27:00 AM
From: zx	Read Replies (1) \| Respond to of 2341

Scotty it looks like many people agree with you. market stable or up until earnings in a few weeks. if earnings are good market stable. if earnings are bad market down. asian crisis will become clearer. written 12/26- Currently, only a handful of industry groups are experiencing more upward than downward estimate revisions for the next year, including; airlines, newspapers, oil well equipment/services, selected retailers, and water utilities. Historically, this degree of estimate cutting is not unprecedented, it just has not been experienced during this latest economic expansion. With the outlook for the U.S. economy being one of downward trending interest rates, benign inflation, full employment, an invicible currency, a balanced budget, and the safest haven on the planet, the stock market can handle a lot of earnings disappointments and meager earnings growth. Don't worry, I'm not turning Bullish, although I do forsee a rally beginning Monday and lasting several weeks, as the tax selling culminates and traditional beginning of the year money flows pour into the market. I expect the rally to be especially strong in beaten down small growth stocks. The rally will probably run out of steam as earnings concerns resurface with weaker than expected fourth quarter earnings being reported in many areas combined with less than optimistic outlooks by many companies for the year. While I do not forsee the market averages making much headway over the coming year, I feel the systematic risk to the market from the Asian crises has at least temporarily subsided. what are some beaten down small growth stocks? guess i need to sleep. i also had read about CMB deep in the money call options as a dividend play fri. i think. trade well, ag