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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (828)4/5/2000 9:54:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 33421
 
GZ, Re: nypost article.

I am assuming the person that wrote the article validated that action from both Merrill and Goldman came to the rescue during the melt down yesterday.

It is my opinion that this can work for a while, but in the end paper assets always get back to "fair value" or lower when folks get worried.

Joan



To: GROUND ZERO™ who wrote (828)4/5/2000 11:45:00 PM
From: John Pitera  Respond to of 33421
 
GZ, I believe that GS and MER were 2 of the shops that the
Fed bought S&P futures through on Oct 20th 1987.

There have been articles and acknowledgements of that as
well.

thanks for the article.



To: GROUND ZERO™ who wrote (828)4/6/2000 6:07:00 AM
From: YxY  Respond to of 33421
 
Very Interesting reading thanks for the link EOM