Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Knighty Tin who wrote (32737)	9/23/1998 2:32:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 132070

MB- Time to add to GTW and IBM puts? B

To: Knighty Tin who wrote (32737)	9/23/1998 3:39:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 132070

Michael, I have a question. When I was listening to Greenspan speak today I heard that the economy would slow, and that there would be significant repercussions from the situation overseas. To me, this says that productivity will fall and profits will be squeezed. I did not see it as a report which should be seen as bullish for stocks in the near future. However, the S&P is up almost 3% on the news. What am I missing? Barb

To: Knighty Tin who wrote (32737)	9/24/1998 12:24:00 AM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 132070

Have you looked at VOD for puts? quote.yahoo.com B

To: Knighty Tin who wrote (32737)	9/24/1998 8:04:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

mike, do you agree? ms.com if so, what are some european bank put deals, if any? tia.

To: Knighty Tin who wrote (32737)	9/24/1998 9:12:00 AM
From: Kathleen capps	Read Replies (1) \| Respond to of 132070

Michael, Saw this in the WSJ (partial exert follows) and wondered what it's future effect will be on financial insititutions. I expect it can't be good but wondered about your opinion. A Hedge Fund Falters, So the Fed Persuades Big Banks to Ante Up By ANITA RAGHAVAN and MITCHELL PACELLE Staff Reporters of THE WALL STREET JOURNAL At an extraordinary gathering Wednesday night, Wall Street's biggest power brokers agreed to prop up one of their most aggressive offspring, Long-Term Capital Management L.P., a highflying hedge fund that was on the verge of collapse. Heeding a plea by Merrill Lynch & Co. Chairman David Komansky to put aside any misgivings, Travelers Group Chairman Sanford I. Weill, Goldman, Sachs & Co. Senior Partner Jon Corzine and J.P. Morgan & Co. Chairman Douglas "Sandy" Warner were among those who agreed to have their organizations pony up more than $3.5 billion to shore up Long-Term Capital, a creation of some of Wall Street's ostensibly most brilliant minds. The rescue was the culmination of increasingly intense negotiations among Long-Term Capital's lenders, dealers and the Federal Reserve that began last weekend as rumors spread that the fund was close to foundering. Long-Term Capital, which uses borrowed money to make multibillion-dollar bets all over the globe, had tried for weeks on its own to draw in more capital to shore up its rapidly failing positions, even approaching famed global investor George Soros, who said no. .....More at WSJ site.