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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (28758)	9/24/1998 2:49:00 PM
From: P.T.Burnem	Respond to of 94695

An interest rates cut has been already discounted by the market. I am not a day trader, but I'd not hold anything overnight: Bond traders in the United States and the UK said LTCM's problems have been hurting debt markets. They also said the current bailout will help in the short-term but they were wary of new market shocks. ''The money they have given is sufficient to cover margins,'' said one bond trader in London who deals with hedge funds. ''It's a short-term fix but in the longer term this issue could come up again.''