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

To: HairBall who wrote (39016)	2/3/2000 11:17:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

LG, I do not like big stories and lend it little credibility even that I can be dead wrong. The amounts of money there are just to big IMHO. 5 to 10 billion would give it more credibility. As to the losses in the derivate markets and swaps there is no questions that there are massive losses and many instruments are not even priced due to their complexity. THere are two indicator pointing to troubles which started IMHO on Jan 18, 2000 as evidenced in the bond market, secondly WS was expecting a robust rally in January which never hapen, Soros made recently noises regardign the dollar/euro relationship and most important Rubin and Clinton sudden are worried about the trade deficit and rising stock prices. All this may indicate that both Goldman and CitiBank (Rubin/Clinton) are in trouble as both entities are big dealers in those instruments. The mere fact that the 30Y treasury covered 4 months of slide in 3 days with out any real or adverse economic news indicates of big losses in paired trades and hedges. BWDIK Haim