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To: Oblomov who wrote (17182)9/11/2000 11:55:34 AM
From: LLCF  Respond to of 436258
 
<Seems like a good indicator of a business cycle top.>

As well as one of the all time saviest players on WS selling out to 'bigbank':

biz.yahoo.com

``This is an historic and exciting moment for all of us at SLK,'' said Peter R. Kellogg, Founder."

I bet it is!!! This is the guy that has bought and sold stakes in many clearing business as well as regional brokerage firms with incredible adroitness... he scalped many a bank with wile sales of assets before downturns and bulked up when they were puking out their operations on the exchanges to focus on other areas... ie. investment banking. Well now he's selling the whole shebang! Ho ho ho....

DAK