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


To: Knighty Tin who wrote (32759)9/24/1998 2:02:00 PM
From: valueminded  Read Replies (1) | Respond to of 132070
 
Mike:

Unfortunately, I believe you are underestimating the quality of the idiots running the financial institutions in this country. I believe they will lower rates by about 1/2 point. Good news is I will be financing long term debt (mortgage) after they lower rates so my inflation hedge should be in place. Bad news is I agree with your scenario.

That being said, would you wait for the puts on the financials such as MER and LEH. I noticed IBM above 130 again. You like it for puts now.. yes?

thanks