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


To: HighTech who wrote (29242)9/28/1998 5:11:00 PM
From: yard_man  Read Replies (2) | Respond to of 94695
 
I don't think I understand. The SPY is made up of stocks in the S&P 500. The earnings of the S&P 500 are have been revised downwards twice in the last month by some of the brokerages. Why is the S&P necessarily safer than long something else ...?

I am short the OEX (long puts) because of the uncertainty.

Today must have been somewhat of a disappointment. S&P down while DOW held?