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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (5953)	7/18/2000 9:09:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 7434

Gersh they decided to pass for now..they left rates alone... and in the scheme of things, it wouldn't mean much here.. whats your up/down targets here//Carpino has 29 or 39 SPX points on the pullback..cycle top was yesterdays on the spooos at 1530...his SPX # was 1513.. each was pierced by 3 points no biggie.. i like 1480/85 on the SPX quickly...for the next best buying opp...

To: Gersh Avery who wrote (5953)	7/18/2000 9:26:50 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

It's hard to believe that would take a lot of Japanese money home because the change in rate would have to be great, I would think. Besides, isn't it the Japanese Banks that have their money here? It just seems like it would tighten borrowing in Japan, strengthening the Yen perhaps so there would be some outflow to take advantage of the exchange rate but would that not be a short term effect? The longer term advantage should be in US capital markets still. Of course, we are talking about Japanese Investment.....the people who bought properties like Pebble Beach and Rockefeller Center at market peaks.....so who the heck knows what could happen.