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

To: yard_man who wrote (28801)	9/24/1998 6:35:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 94695

Oh I think he will lower but I don't think it will help. All they are trying to do is get more liquidity. I think they are scared to death that this thing is going to melt down. I think the market has already factored in the cut and something else will have to take it higher from here. I have to say this though . . the internals are better now than they were 7/17/98. Monty

To: yard_man who wrote (28801)	9/24/1998 7:29:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 94695

tippet, heres a funny one. "LTCM said the consortium of banks was setting up an oversight committee with representatives from Goldman Sachs, Merrill Lynch, Morgan Stanley Dean Witter, Travelers Group and UBS." Kinda like letting the fox in the hen house. How much of that Goldman Sachs IPO are you going to buy? No wonder they want to put it off. <g> "The hedge fund, which is said to have a $90 billion portfolio, specialises in fixed-income markets, exploiting the differences in performance between a diverse range of fixed-income products" Sounds to me like they were the EXPLOITEE rather than the EXPLOITER. Monty