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To: marginmike who wrote (118248)8/24/2001 2:05:35 PM
From: Ken98  Respond to of 436258
 
<<Fed's coupon pass adds $713 mln in reserves>>

Late coupon pass after earlier refraining from open mkt. operations.



To: marginmike who wrote (118248)8/24/2001 2:13:27 PM
From: Mike M2  Read Replies (2) | Respond to of 436258
 
MM, I know a few ( I'm in it for the long term) bulls who held so called " blue chips " all the way down some trade at 10 -30% of their peak prices . No way do they come back. The negative wealth effect is starting to penetrate since there has not been a quick recovery. Maybe AG can do one last surprise rate cut ten minutes before options expiration for the benefit his cronies. Mike