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To: S.C. Barnard who wrote (38319)12/3/1998 8:32:00 AM
From: Richie  Read Replies (2) | Respond to of 97611
 
Not necessarily................
the S&P futures were improving all morning.
They were only down 5+ prior to the rate cut.......
and that in itself does not signal a "tank". Fair value calculation has to be factored into the equation.
Best guess would have been for a slightly negative open.

RichieH



To: S.C. Barnard who wrote (38319)12/3/1998 9:19:00 PM
From: Pruguy  Respond to of 97611
 
interesting way of looking at things. if it wasn't for edison, GE would have made for a lousy investment also. The market ultimately tanked today but if you want to make money don't fight the tape. It's a loosing battle!