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To: patrick tang who wrote (20049)9/30/1999 1:44:00 PM
From: Andy H  Read Replies (1) | Respond to of 25814
 
OT-I couldn't agree more about the extraordinarily high real interest rates. This put pressure on the fragile foreign economies last year, causing the hedge fund meltdown to spill into the equity markets. Same thing happened in 1994 with sharply rising short rates causing the short-long bond carry trades to a forced, rather than gradual, unwinding that limited the equity markets that year. We could be heading for something similar this year with any more rate rises.



To: patrick tang who wrote (20049)9/30/1999 2:43:00 PM
From: Charles Tutt  Respond to of 25814
 
I think you need to "chill." Today's the last day of the quarter, and things would be volatile no matter what Greenspan did. If you think the drop is unwarranted, then consider buying.

But that's JMHO.