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To: re3 who wrote (29040)3/30/1999 11:44:00 AM
From: John Pitera  Read Replies (1) | Respond to of 86076
 
1300 -580 = 720 ; 720/1300 = a 55.3% decline

10000 * 55.3% = 5538 points of decline in djia

10000 - 5538 = 4461.

Note that the PE on the DJIA is more like 26 and is not as high
as the spx... I have not looked at My Barron's Mkt lab this weekend
but if it is 26 then that implies more like a 40% decline to get to
a PE of 15...

We will not get to that level in time for any options you have, ( maybe 2001 leaps)
unless a nuclear war breaks out.