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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: smolejv@gmx.net who wrote (3420)8/13/1998 4:23:00 AM
From: MonsieurGonzo  Read Replies (1) | Respond to of 11051
 
DJ; RE:" Good Morning, Viet-Nam !!! "

Bull's eye on the DAX, baby; the Honk crashed ~4% overnight.

I dumped the DAX and CAC WEBS yesterday, too - but did not short; too close to ~5000 and ~3700, but then again, I don't have any long positions to protect, either.

Yen futures down -2/USD again; the BOJ appears to be supporting the Nikkei rather than the Yen/USD, so far. Over here, the Mexican peso and Canadian $ are in serious trouble. Asia/Russia/Latin America need for that crude oil, commodity prices to go up. Was it raw materials gushing out from the fallen evil empire that caused all this ?

"We will bury you !" he bellowed, banging his shoes on the podium at the U.N. 40 years ago. ja! buried in oil, gold, metals, timber... (^_^)

IMHO, what's wrong with the DOW/S&P isn't "value", it's the banks - financials are heavily weighted in our BigBoard indices. That last rally, mid-June to mid-July, was in part driven by the earnings strength of our Banks/Brokers/Insurance companies. When the banks tank, they take no prisoners on the way down.

-Steve