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

To: Tom M who wrote (26284)9/2/1998 7:07:00 PM
From: Philipp  Read Replies (1) | Respond to of 94695
 

FULLY margined now, waiting for the PPT to come to the rescue par usual.

If they only have 40 B $, that probably won't be enough to stop a real meltdown. See HK and they have a much smaller stock market. How much did they use up yesterday? What's the daily volume on futures?

BTW, while I did not watch systematically today, I did not see systematic mispricing of the futures today. No intervention today?

Regards,

Phil



To: Tom M who wrote (26284)9/2/1998 7:11:00 PM
From: Don S.Boller  Read Replies (1) | Respond to of 94695
 
Tom: "We usually spend only about a day at a panic low & it's
up from there"................You meant that TONGUE IN CHEEK,
I presume...if not suggest you look at October of 1929 to
blow that theory all to hell.
Best,
Don


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