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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Terry D who wrote (32019)9/1/1998 1:01:00 PM
From: Cynic 2005  Read Replies (2) | Respond to of 132070
 
TD, we missed your posts for a while. How goes it in CT? Thanks for the tip on funds' trouble, BTW!
-MMV



To: Terry D who wrote (32019)9/1/1998 5:21:00 PM
From: PaperChase  Read Replies (1) | Respond to of 132070
 
TD. There are some banks that have major lines of credit to mutual fund houses to cover redemptions. Supposedly, this makes funds available to the mutual funds so that they don't have to sell into a down marekt. If there is a bad loan to be made, then the banks will find a way to make it. <g>



To: Terry D who wrote (32019)9/1/1998 11:14:00 PM
From: Knighty Tin  Respond to of 132070
 
TD, Hope The Sultans of Swing get their money for nothing and their chicks for free. <G>

This pop is all part of the story I told yesterday. There was no capitulation in that down move of 500 points. Which meant the MMs and specialists simply played into their TA fantasies and hit all the right trigger points at the right time and suckered new blood in to take their own damaged goods.

I would hate to see any brain dead, trend following fund groups go under. <G>

MB


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