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But one of the bad things now is that the markets are starting to feed
off of one another. After the first big down turn in the Hang Seng, the
US markets followed, then since the US market corrected so did the
foreign markets in reaction to US.
Right now I am still short on ONSL, and have 50 share postions (smaller
positons) long.
So it has been a moderately good day.
Harley
Lionel Issen wrote:
> Intrinsically there is nothing to stop the DJIA or any other index
> from
> going to zero. It probably wont happen. A drop of anther 500 or 1000
> points is always possible in a panic situation. Part of the problem is
> the
> rapid dissemination of information. While crashes and panics certainly
>
> occurred before the days of modern technology, they took a bit longer
> to
> develop, so that a prudent person had a more time to make a decision
> and
> act on it.
>
> Anyway, I'm holding my breath to see what happens later today and the
> next
> few days.
>
> Lionel
>
> At 12:53 AM 10/27/97 -0700, Harley Meyer wrote:
> >This morning I was on the phone with a friend and I felt 300 was
> >realistic. It is noon, so it is hard to say.
> >
> >
> >Riccardo Rinaldi wrote:
> >
> >> Today, we' re heading for the third triple digit loss in threre
> days
> >> (talking about the dow). The market has already lost a lot. Do
> >> somebodey believe there 's still room for a single downward move
> of,
> >> let' s say, 500 pts?
> >>
> >> RR
> >
> >
> >
> >
> >
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