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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: uclatrader who wrote (23209)	2/3/1999 2:14:00 AM
From: Kona	Respond to of 50167

Shou, interest rates kept rising and the market kept ignoring it, coupled with rampant bullishness and wild speculation in the options market ( the mantra was "sell puts, it's guaranteed free money"). Then Kaboom. This and the systems thread is probably the best place to hang out and get a sense of the market's direction without bias. Keep reading!

To: uclatrader who wrote (23209)	2/3/1999 7:31:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 50167

Shuo, Kona is right on the money...in 1987 rates kept rising and the equities ignored it. Today the 30 year bond is trading around 126.00 to 127.00, in 1987 the 30 year bonds were trading between 68.00 and 72.00..... Rates can rise some along with equities for a while, but the internals were weak and we had the kind of 'gold rush' we see today in the NAZDAQ. That's about it in a nut shell, of course the day of the 508 point drop in the DOW *was* the bottom of the crash, a nice spike bottom.....things change, but not much..... GZ