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To: patron_anejo_por_favor who wrote (18604)9/15/2000 12:49:53 AM
From: NOW  Respond to of 436258
 
Ever look at C poots?
With massive Asia exposure, and Asia starting to look sickly, could beripe in a month or two and dirt cheap...



To: patron_anejo_por_favor who wrote (18604)9/15/2000 1:20:53 AM
From: Oblomov  Read Replies (1) | Respond to of 436258
 
Come on, which brokerage firm are you borrowing that piece of advice from?
-g-



To: patron_anejo_por_favor who wrote (18604)9/15/2000 1:36:00 AM
From: Ken98  Read Replies (1) | Respond to of 436258
 
Patron, when do you figure Bubba will announce a SPR release? My guess is next Tuesday morning. Max effect going into expiration. The Iraq situation is a fly in that ointment though and may upset Bubba's plans some. NG continues to blow-up in their face and there is nothing they can do about that one.

Kasriel's comments re. Fed and oil:

<<Now, if the Fed were targeting the money supply rather than the fed funds rate, this could not happen. As people saved less/borrowed more, interest rates would be allowed to rise by the Fed. The Fed would not create more money. The higher interest rates would induce some to increase their saving/decrease their borrowing. Thus, at the end of the day, spending on non-oil goods and services would fall, the prices of these goods and services would fall, and therefore, the general price index would not rise.

The Fed does peg the funds rate, not the money supply. And, in recent weeks, the M2 money supply has started to grow more rapidly. So, higher oil prices have not caused higher inflation. But they may have induced the Fed to print relatively more money, which has caused higher inflation.>>



To: patron_anejo_por_favor who wrote (18604)9/15/2000 6:53:31 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
lol

In all seriousness, this last run on JPM has vaulted it to the high honour of making it onto my "must have" list of crash poots.



To: patron_anejo_por_favor who wrote (18604)9/15/2000 9:36:01 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
absolutely!