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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Suma who wrote (20485)	9/18/1998 8:04:00 AM
From: gerard mangiardi	Read Replies (1) \| Respond to of 50167

Big news last night is that Japan is on its way to dealing with its banks. I think if the markets digest and believe this the markets will move up during the day.

To: Suma who wrote (20485)	9/18/1998 10:02:00 AM
From: Proton	Respond to of 50167

Re: My Captain! My Captain! Yes, WHERE US I.Q. Another options expiration jaunt to the South of France, perhaps? Also, his masterpiece on Clinton the Apollo. More like Clinton the Satyr. :-) Many people, including Iqbal, underestimated the potential impact of the Clinton scandal on the market. The Lewinsky-Starr immunity deal marked a good day to short the market. The ruble collapse and the Japan banking shudder (both of which Iqbal pooh-poohed at various times during August) cannot be ignored, but traders and investors both fear any crisis of leadership in the U.S. Iqbal is an exceedingly competent trader. His miss on the August decline (complete with heaps of derision on the "permabears") should disabuse anyone of illusions of his infallibility. P.