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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: Jorj X Mckie who wrote (35578)12/21/1999 12:48:00 PM
From: Cynic 2005  Read Replies (1) of 99985
 
<<I am just trying to entertain the idea that it is something that is less obvious. >>

It is possible that - due to the repealing of Glass Segall (sp) act, there are unexpected dislocations in the banking sector - especially the reserves. Why wouldn't they, when you have extended your margin to the limit, only a slight change in your equity will get you a margin call. May be the Feds are addressing such issues under the cover. IDKJS about bonds, banks, repos, etc. etc. I am just speculating.

Edit: Then again, if that is the case, the most prudent thing to do would be to rise the rates Y2K or not.
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