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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Fast Eddie who wrote (15868)	9/14/2001 4:01:05 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 18998

Yes, and it now appears that Candadian and other banks were mostly concerned about their ability to borrow or trade dollars to meet demand if there is a rush on the markets. In other words, it was a liquidity concern because selling requires the ability to come up with cash for the seller. The promises of liquidity from the Fed and European Central Banks have alleviated that concern somewhat. I'm guessing that those concerns will go away fairly quickly. That said, I don't think that there will be a tremendous shorting opportunity.