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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (16842)4/19/1998 9:21:00 AM
From: Haim R. Branisteanu  Read Replies (2) of 94695
 
OOPS - it was for Carl,<ggg> in any case thanks Bill.

To best of my recollection US interest rates were rising (the long bond), due to the suspicion that the Bundesbank knew somthing that we did not, by rising interest rates on the DM.

The crash occured at the time James Bradly then Scretary of the Treasury made nagative commnets about the Bundesbank policies. It was a litle more than just plain coments.

Today we squable with Japan, similar situation

A.G. the newly apointed FED Chairman at the time saved the market by flooding WS on Oct.19/20, 1987 with cash. It so happened that the 16th was a option expiration Friday and the market went down most of the previous week, with Friday 1.5% or 2%.

I hope it helps,

Haim
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