Asia is bad, but in general, the European stocks are down only a small amount. This may be why Europe is trying to unhook itself from the U.S. dollar...so we don't drag them into the mire.

-- nothing (better@to.do), October 18, 1999

Answers

Europe turned modestly higher as the PPT began jamming the S&P Futures. (S&P's up about 4 as I write this.)

This supposedly means that the market (DOW) will open about 30 points higher (9 DOW points for each S&P point).

It doesn't often work out like that, but that is the supposed ration.

TPTB must turn the market NOW. There will be a massive assault today to move the major averages up. Will it work? Watch and see.

-- Me (me@me.me), October 18, 1999.

Wait. "Fools rush in...".

On a day like today I would wait until 10am est to see the real market trend (at least for now).

Alot of pressure built up over the weekend and you have to see it unload first before you can see where the market really stands.

-- hamster (hamster@mycage.com), October 18, 1999.

I smell a nice rally coming on!

-- jb smith (joebobsmith@yahoo.com), October 18, 1999.

Joebob, possibly. Intra-day anyway. Too many quarterly reports due out and since many are expected to be positive they will give equities and unfair boost regardless of overall sentiment.

Going to be a difficult week to figure out.

People calling for a crash at this point are just uninformed or have an agenda. We need to get quarterly reports out of the way to see what we are really dealing with.

I hate it when this happens.

-- hamster (hamster@mycage.com), October 18, 1999.