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To: BW who wrote (5015)5/24/2001 10:52:39 AM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
Yep, ASTM still clicking away, up 34%. I think we need to keep the idea of just how much impact the turncoat senator from Vermont will have on the markets. The power shift may become a big overhang. Yesterdays sell-off was coming, but the vacuum he created helped it accelerate. And I think the markets are starting to figure out that having the tax & spend gang in control of senate committees is not a good thing. Joe Lieberman chair of governmental affairs?
The repubs miscalculated this one on a massive scale.
So, I went short the dow & ndx yesterday, based on the deteriation I see coming in the near term as this gets worked out.
BTW, have you noticed how inflation is back in Germany?
As I said before, the G-7 is really pumping...
And Argentina got their rollover. Well, they are calling it a swap, (I call it bullsh*t) the sec ok'd a shelf reg for $15.5 billion of this paper yesterday. Nothing got solved, just put-off for awhile.
The gold market looks good again, after the little sell-off.



To: BW who wrote (5015)5/25/2001 10:24:20 AM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
Ugh, the Argentine "swap" is worse than I first thought>
From todays WSJ>
""BUENOS AIRES -- Argentina's government made its formal offer for a
giant bond swap, part of its effort to gain breathing room while it tries to fix
the economy.

Rather than excluding certain bonds, as some investors had expected, the
government extended its offer to holders of virtually all of the country's
publicly traded dollar or peso-denominated debt, which totals about $66.7
billion.""
Brings back that old Will Rogers wisdom,
"The return of my money is more important than the return on my money."

Those dow & ndx puts bought Wed, and added to yesterday are looking pretty sweet this morn. The cruddy gdp numbers sure gave them a lift, talk about a curve-ball<g> I think I should put on the old 60's tune Wipe-Out........