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To: MythMan who wrote (41023)5/14/1999 12:08:00 PM
From: J. P.  Respond to of 86076
 
I'm thinking the same thing, particularly the banks and the brokers here. There is some selling, but just some of the fluff from the last couple of days is selling off. There has to be some kind of disconnect here, or maybe a delayed reaction is coming up. Buying puts on these seems like a no brainer given the bond meltdown, but given the market insanity of the past several months seems more like a toss of the coin and a chance to get whipsawed on any bond buying from this point.



To: MythMan who wrote (41023)5/14/1999 12:31:00 PM
From: Lucretius  Respond to of 86076
 
kinda makes you wana buy, eh? (G)

it should. the only real crash (IMO) that we cna ever get in this mkt will be derivative driven... we have no idea where the key level is, but once broken we should see fortced selling and TANK-A-THON as the dma breaks... till then it will likely look tame as if nothing is going to happen.

next week will be VERY interesting


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