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Technology Stocks : Apple Inc.
AAPL 259.35+0.1%Jan 9 9:30 AM EST
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To: Phillip C. Lee who wrote (18562)9/27/1998 3:20:00 PM
From: HerbVic  Read Replies (1) of 213182
 
From ABCNEWS.com - Bailout Sinks Bank Stocks:

“The rationale clearly is concern for the systemic risk associated with this
investment fund,” a senior Wall Street official said. “We agreed with the other
participants that a forced liquidation of this portfolio could potentially cause
other follow-on effects that were not good for the market.”
abcnews.com:80/sections/business/DailyNews/longterm980924/index.html

Any time a senior Wall Street official uses the term "systemic risk"
as the object of the prepositional phrase “... clearly is concern for"
one should take notice and be wary of potential understatement of the
crisis.

HerbVic
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