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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (43906)5/27/1998 3:33:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 58727
 
Dwight .. the dollar just dropped on Globex.

If the dollar had stayed steady then Fed action adding liquidity could have caused the market to bounce up in the afternoon.

But it didn't.

I estimate (based on current numbers, which could still change) ~-300 DJIA points, ~-40 Nasdaq points and ~-3 1/2 for MSFT.

Perhaps a rebound on Thursday?

Gersh



To: Dwight E. Karlsen who wrote (43906)5/27/1998 8:48:00 AM
From: joe smith  Respond to of 58727
 
dwight,

by the time you see something to panic the masses it is too late. who knows how low we go on this pullback. all i know is 1.7% earnings groth is pathetic in light of the multiples the market is trading at. IMHO we have a long ways to go down over the next couple years.

js


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