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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (30408)10/18/1999 11:31:00 AM
From: pater tenebrarum  Respond to of 99985
 
Lee, i noticed that JPM is doing all the work today...a dead cat bounce due to their reasonable Q3 results. since their derivatives desk is probably among those taking the other side of the interest rate hedges of Fannie Mae and Freddie Mac, the next quarter won't look as good though.
a lot of dough has gone to money heaven in the interest rate derivatives business lately...

regards,

hb



To: Lee Lichterman III who wrote (30408)10/18/1999 11:35:00 AM
From: scotty  Read Replies (1) | Respond to of 99985
 
Lee, a gentleman on CNBC pointed out that Dec SP is at critical support now at 1250. I'm thinking tech weakness could shove the SP below that support....scotty