Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (33925)	5/19/2003 6:19:22 AM
From: TobagoJack	Read Replies (2) of 74559

Hello DAK, a not very amusing happening occurred today, to me, almost right where it mattered most. I tried to sell some of my November 04 and November 05 US Treasury Strips, and the amounts involved are not exactly small (in my view, in any case:0), but, gad, guess what? The London trading desk of my broker refused to bid on the presumably worthless pieces of fiat! My broker will try to off load the fiat tonight via the New York trading desk. How much is something worth if there are no bids? Chugs, Jay

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