Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HiSpeed who wrote (55049)	10/8/1998 5:14:00 PM
From: B.REVERE	Respond to of 58727

I think the dow's rally in the last hour had to do with the republicans offering to loan the IMF 18 billion, with conditions attached. This came out around 2:57pm. The impeachment inquiry vote temporarily derailed the rally until the official tally came in at around 3:10 although it was a foregone conclusion that the inquiry would go ahead. The IMF still has to agree to the conditions but where are they going without the US money? A shortterm rally should appear once the formal agreement is signed. An unsustainable one, but the cnbs hucksters will push another GS rate cut rumor until they get one or GS says "no way". The only way they maintain the current trading range on the dow is if the redemptions don't start flowing from the pension crowd. Big cap earnings start in earnest next week. The "call" will tell the tale. Later, BR