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To: Valentino who wrote (12036)12/10/1997 11:06:00 PM
From: Raj  Respond to of 45548
 
< I happened to hear on the radio that the worse scenario is when the Japanese began to cash in their US bonds; this, in turn, will cause a liquidity crisis here leading to high interest rates...and we all know the bear market mantra from there.>

Valentino, I heard about the Japanese wanting to cash in their bonds, however it seems likely that they will be allowed to use their bonds as collateral thus avoiding the need to cash out just yet.



To: Valentino who wrote (12036)12/11/1997 5:27:00 AM
From: Thomas Haegin  Read Replies (1) | Respond to of 45548
 
OFF TOPIC: Market views

Valentino,

thanks for your post in reply to my market view post. I'm happy it provided you with some food for thought. It seems like you were the only one to find it worth commenting on. Of course, I take this big echo as a good sign. <g>

Since you like looking at the market as a whole, may I direct your attention to the S&P 500 Depositary Receitps (called "Spiders") that are traded on the AMEX under the symbol SPY.

With these you get instant exposure to the basket of stocks comprising the S&P 500 Index in a single step. The spiders are good for going long or short "the market" in a convenient and cost efficient way. Their price is 1/10 of the actual SP index value (so they trade around $95 or so right now.

Thomas