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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (6698)	9/24/1998 11:31:00 PM
From: Jay Scott	Respond to of 9980

Zeev, that sounds like something that banks should be lending money for, doesn't it? JS

To: Zeev Hed who wrote (6698)	9/24/1998 11:38:00 PM
From: Jack Chen	Respond to of 9980

Hi Zeev: Did I read it right about that hedge fund where they had equity of about 4 billion and they margin traded to 120 billion before they cut back to 80 billion?? If that's the case, I have to congraduate the head of the fund, they took their bankers to the cleaner. I thought us the average Joe can only borrow to about 1:1 ratio.

To: Zeev Hed who wrote (6698)	9/25/1998 1:04:00 PM
From: yard_man	Respond to of 9980

I noticed in an earlier post that you believed that the Fed would not ease next week. Could all these guys be wrong? Is it just a pressuring tactic? What's your opinion? Full results of the survey follow below: Fed Funds Rate following FOMC meeting: Company Sept Nov Dec ----------------------------------------- Aubrey Lanston 5.25 - - BA Rob Stephens 5.25 - 5.00 Barclay's Capital 5.25 5.25 5.00 Bear Stearns 5.00 5.00 5.00 BT Securities 5.25 5.25 5.25 CIBC Oppenheimer 5.25 - 5.00 CS First Boston 5.25 - 5.00 Daiwa Securities 5.25 - 5.00 DeutscheBank 5.25 5.25 5.25 DLJ 5.00 5.00 5.00 Dresdner, Kleinwort 5.25 5.00 5.00 First Chicago 5.25 5.25 5.25 Fuji Securities 5.00 - - Goldman Sachs 5.25 5.00 5.00 Greenwich Capital 5.25 5.25 5.00 HSBC 5.25 5.00 5.00 Lehman Brothers - 5.25 5.25 Merrill Lynch 5.25 5.25 - Morgan Stanley 5.25 5.25 5.25 Nationsbanc 5.25 5.25 5.00 Nesbitt Burns 5.00 5.00 4.50 Nikko Securities 5.50 5.25 5.00 Nomura Securities 5.25 5.25 5.25 PaineWebber 5.25 5.25 5.25 Paribas Capital 5.25 5.00 5.00 Prudential 5.25 5.25 5.25 Salomon Smith B 5.25 - - Warburg Dillon 5.00 4.75 4.75 Zions First Nat Bnk 5.25 5.00 5.00 ------------------------------------------- Number of forecasts: 28 22 25 Average forecasts: 5.21 5.14 5.05