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Strategies & Market Trends : The Market Beacons
SPY 683.34+0.2%Nov 3 4:00 PM EST

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To: Magnatizer who wrote (1218)10/13/2005 1:05:56 PM
From: Woody  Read Replies (1) of 1298
 
LOL .. sure looks that way .. good to hear from you. Hope all is well with you and yours. Hearing a little news about and friend of yours .. RFX .. LOL.

Thursday October 13, 12:36 pm ET
By Michael J. Martinez, AP Business Writer
Refco Subsidiary Freezes Customer Accounts for 15 Days Due to Cash Issues
================================================
Reuters
Refco halts operations at unit
Thursday October 13, 12:37 pm ET
By Chris Sanders

NEW YORK (Reuters) - Refco Inc. (NYSE:RFX - News), the commodities and futures brokerage whose shares have fallen more than 60 percent this week, on Thursday said the liquidity at a major company unit is no longer sufficient to continue operations, fueling concerns about the entire firm's survival.

They could be the first domino in a large line of problems.

Take care

Woody
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