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


To: Follies who wrote (29663)10/1/1998 1:53:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
She sure has become the surrogate mother of the major index ,
and the more I look at it the crazyer it looks.
We have a only a hand full of stocks now supporting the entire
market, and these are the ones that support billions and billions
of derivatives that no one saw fit to limit the margin on.
The more I look at that derivative thingy the more holes
I see. The Plunge Protection Team better be on full alert
but don't worry if it melts down I'll put a spin on it somehow
so as to blame Starr and his x rated side show. (joking )

But not joking I don't have a lot of faith in the PPT coming
to the rescue, I believe with all my heart this was planed on
last year when they got the SEC to change the circuit breakers,
maybe not to the day mind you, but that they intended to take
the market down and to clean out the 401ks I had no doubt in
my mind of that.

Jim