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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: HairBall who started this subject4/20/2001 2:53:23 PM
From: Saulamanca  Read Replies (3) of 99985
 
Don Luskin
Run on the bank
4/20/01 12:49 PM ET
Deepening banking crisis in Argentina and Brazil. Yesterday I wrote here that the reason for the Fed's surprise cut might be "new information." I wonder if this is it? A run on the bank in South America would drive an urgent need to liquify the US banking system, just as had to happen in August 1982 (Mexico debt crisis) and October 1998 (LTCM crisis).

thestreet.com

Brazil's markets reel on Argentina, scandal combo
biz.yahoo.com
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