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To: re3 who wrote (38427)	2/6/1999 9:50:00 AM
From: IceShark	Respond to of 164687

Howard, I really don't know what exactly is going on, if anything. But there has been quite an interesting divergence between the DOW, and the S&P and NASDAQ. The DOW is the primary measure of the market's performance in the mind of the public and it is also the easiest to move around if one were so inclined. Monday could be a big down day as people reflect over the weekend, and a dow down a similar percentage as the DAQ or S&P, would have really raised concerns in the minds of some people. I really have no objection to puts at this time; if the long bond cracks 5.4%, Katie bar the door. -g- Regards, Ice