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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mark Nelson who wrote (7999)	10/27/1997 9:44:00 PM
From: Defrocked	Respond to of 94695

Mark, yesterday(last night) Shanghai was a beneficiary of the HK cash. Not tonight however. Banks and their creditors will probably have dibs to the money now. Should be floating around in the interbank market looking for good credits. That's what happened in Oct.'97. On Tuesday, Oct.20 the Eurodollar rates fell 200 basis points in the 30 minutes preceeding the 7:30 MERC opening back then. Short term rates could tumble tomorrow. Good for refinancing with bullet ARM's. Hey, everybody things aren't all bad...interest rates are coming down! (Shallow gallows humor) :^(