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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (12910)	8/4/2002 10:43:34 PM
From: Nancy	Read Replies (1) \| Respond to of 17639

there is no way to tell whether it is a long put or a short put. i am skeptical. as if it is a hedge, i dont see the point to go this far out since all we are worrying now is 911 anniversary.

To: SusieQ1065 who wrote (12910)	8/4/2002 10:47:06 PM
From: Lane	Respond to of 17639

that looks about right. December exp would hold time value a little better as well. Interesting ....

To: SusieQ1065 who wrote (12910)	8/5/2002 1:24:02 AM
From: Dave Gore	Read Replies (1) \| Respond to of 17639

WEEKEND NEWS --- UPDATE 3-US double-dip recession very unlikely-Fed's Poole 4:29pm ET (Reuters) NEW ORLEANS, Aug 4 (Reuters) - St. Louis Federal Reserve Bank President William Poole said on Sunday the odds the U.S. economy might fall back into recession given the stock market's recent woes were "very, very small."' "My own view is that the odds of a double dip recession are very, very small," Poole said in answer to a question after addressing a group of Southern state legislators. "The overall national picture is that the national economy is going to be recovering," he said, pointing to strength in home and auto sales, and the resilience of household spending. A spate of weak economic data last week raised concerns the fledgling recovery could stall and led some analysts to predict the Federal Reserve would cut interest rates before year-end. Still, most economists have said while the chances of a double-dip recession had risen, the Fed was more likely to hold its benchmark overnight lending rate at its current 40-year low of 1.75 percent for an extended period than to cut it further. "Markets are going through a period of adjustment that is not fundamentally related to monetary policy or what monetary policy can fix," Poole said, referring to the steep stock market slide that some believe has begun to cut into economic growth. Speaking with reporters following his speech, Poole was asked whether the United States might be looking at a prolonged period of sub-par growth. "I doubt it," he said. "The underlying trend of productivity growth in this country is solid, and I think we have a very vigorous vital market economy. I think in the long-run, the outlook is very favorable." The regional Fed bank chief, who does not have a vote on the central bank's interest-rate setting panel this year, also said he saw no signs of a credit crunch. A reluctance to lend was a factor behind the United States' slow recovery from the 1990-91 recession.