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


To: yard_man who wrote (14716)3/6/1998 1:42:00 PM
From: epicure  Read Replies (2) | Respond to of 94695
 
You know I kept some of my puts, and my GTWs so far are still doing OK. But I look at it this way: bottom line in the techs is being squeezed first by weaker demand because of the Asia affect and secondly by pricing pressures from all sides. Look at the big gain this morning in hourly wages. Greenspan will NOT like that. That is one of his important indicators.

I knew the number was going to be high. At my spouse's company no positions could be filled until salaries were raised. The labor market is more than tight right now. This will eventually show up in the market.