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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (2181)	11/15/2001 10:42:40 PM
From: John Pitera	Respond to of 23786

thanks, a great analogy here............ Treasury Summary: The market looked just about as bad today as the Boston Red Sox did in game 6 of the 1986 World Series, but to add insult to injury, imagine Bill Buckner letting a grounder go through his legs five consecutive days in a row. The curve got slammed again as talk of the Fed passing at the next meeting went around, stocks held a bid, data was in line but not bullish, accounts looked to spread product and technicals were broken left and right. The overnight markets did not serve to buck the trend we have seen of late, as selling dominated from almost all facets of the market. Asian banks and prop desks were originally sellers on rumors that Bin Laden was captured, and while some buying the dip emerged, swap desks and hedgers picked up the pace of selling in Europe. Of note, it was this hedging of corporate deals that some we were in contact with pointed to in recent sessions as being one of the catalysts for the weakness. Well while there very well may have been some weakness on hedging, it was certainly not recovered today after the pricing of AT&T, which was certainly the focal point of the deal related talk.