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

To: pater tenebrarum who wrote (34514)	12/1/1999 3:00:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

Another strong "rally": moneynet.com

To: pater tenebrarum who wrote (34514)	12/1/1999 3:22:00 PM
From: flatsville	Read Replies (2) \| Respond to of 99985

heinz-- >>>Programme trading is one strategy used by specialist and highly secretive hedge funds, which pool money from wealthy individuals and institutions to make bets across financial markets. These funds often use derivative instruments such as futures and options, which are priced off underlying assets, to boost the magnitude of their market bets. Such instruments are priced using volatility measures and tend to move very erratically in illiquid markets leaving investors exposed to losses even higher than the size of original investments.<<< IMHO this vast pool of liquidity (in which we bearish folk are treading water) could easily evaporate overnight. The black box spooks know this. Bank loans have dried up for businesses in SE Asia (Korea in particular. See full article below.) The Fed has asked the military to store currency (greenbacks) on bases where local banks do not have room. No room for money? Say wha? Huh? (Per two reports from attendees at the last Washington D.C. Y2K Users Group. To get the full flavor of just how extensive--and downright bizzare--y2k planning is getting at the large corporate and government level see kiyoinc.com ) I expect things to get interesting very soon. ---------------------------------------------------------------------- Y2K bug sends local banks, firms scrambling for foreign Korea Herald Seoul Nov 18, 1999 By Kim Hyun-chul Staff reporter Local banks and companies are struggling to close deals to borrow cash by the end of this month. This is because international debt markets are expected to be nearly closed at the year's end amid concerns over Y2K (year 2000) computer problems. U.S. banks have virtually stopped loan transactions because of Y2K problems. European and Taiwanese banks, whose customers include many Korean firms, also plan to follow suit next month. As many local companies and banks suffer foreign-currency liquidity squeezes due, in large part, to the Daewoo Group's crisis in July and early repayment of foreign debts in October, they are scrambling to tap international debt markets, including London and Hong Kong, for much needed foreign currency, sometimes despite high interest rates.