no way out, I agree the monetarists have been checkmated, something somewhere will have to give violently, need to position to profit from whatever it may be, which most here are I think...
just got this in my email, they'll try anything except having something underlying that matters:
Dear CSFBdirect Investor:
CSFBdirect is pleased to offer Preferred and Select Clients the opportunity to participate in a new product offering called RAPIDS. RAPIDS (Return Accelerated Portfolio Debt Securities) are structurally equivalent to an equally weighted portfolio of ten stocks in which the return of each stock is modified to provide an enhanced upside return with no additional downside risk compared to owning the stocks outright. The notes are senior unsecured debt securities of Lehman Brothers Holdings, Inc. whose performance is linked to a basket of the common stocks of the following 10 companies: American International Group, AOL Time Warner Inc., Citigroup, Inc., Exxon Mobil Corp., General Electric Co., IBM, Intel Corp., Microsoft Corp., Pfizer, Inc., and Wal-Mart Stores, Inc. These companies are not involved in this offering and have no obligation with respect to these notes.
The current RAPIDS are being offered by Lehman Brothers. To obtain more information on this product, you may access the CSFBdirect IPO Center and click on the RAPIDS issue in the Current Offerings section of the Web site. CSFBdirect is acting as a member of the Dealer Group for the issue. Orders can only be entered by calling the CSFBdirect Capital Markets Group at 1.877.355.9787. All orders taken will be considered firm unless a request to cancel is received prior to the pricing date listed below.
Details of the RAPIDS offering.
Name of Offering Company: Lehman Brothers Holdings Inc. Portfolio RAPIDS
Type of Offering: Initial Public Offering
Symbol: N/A
Type of Security: Corporate Note
Expected Size of Offering: $20,000,000
Expected Price Range: $1000/note, 10 note minimum
Expected Pricing Date: 10/02/2001
Brief Description of Offering Company: Lehman Brothers Holdings, Inc. Portfolio RAPIDS are a series of senior unsecured debt securities of Lehman Brothers Holdings, Inc. whose performance is linked to a custom portfolio of the common stocks of the following ten companies: AIG, AOL, C, XOM, GE, IBM, INTC, MSFT, PFE, and WMT.
Lead Manager: Lehman Brothers
For more information about this offering or to obtain a prospectus online, access the CSFBdirect IPO Center online at www.CSFBdirect.com, or call the CSFBdirect Capital Markets Group at 1.877.355.9787
As with other investments, there are risks involved when investing in new issues. CSFBdirect is not recommending or endorsing this offering. Your decision to invest in securities should be based on your independent review of any prospectus and consideration of your investment objectives, risk tolerance, financial condition, and liquidity needs.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication does not constitute an offer to sell or a solicitation of an offer to buy.
There can be no sale of these securities in any jurisdiction in which an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities law of such jurisdiction.
This communication does not constitute a prospectus in whole or in part. This communication is not an offer to sell to, nor the solicitation of an offer to buy from, residents of any particular U.S. state and is not directed to any person in a U.S. state by or on behalf of the issuer of the securities.
Thank you for choosing CSFBdirect as your online brokerage firm.
Sincerely,
CSFBdirect Inc.
Member NASD, SIPC
btw, I can't beleive they sent this to me, I have 99% short sells in that account |
