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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) -- Ignore unavailable to you. Want to Upgrade?

To: Don S.Boller who wrote (132)9/28/1998 7:32:00 AM
From: Ganesh  Respond to of 268
 
I couldn't agree more, Don. The Fed will cut rates because they are terrified of a bank meltdown. Is that a good reason to buy financials?



To: Don S.Boller who wrote (132)10/16/1998 1:52:00 AM
From: HammerHead  Read Replies (1) | Respond to of 268
 
As I said, I wouldn't fight the Fed. But having said that, I'm still cautious on possible fallout next month. If my memory is correct, Russia has huge payment due (~20B) by mid November. My guess is IMF will try to bail out, otherwise the default will send another shock wave to the world equity market. Look out!


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