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

To: gbh who wrote (2554)	9/29/1998 1:10:00 PM
From: Brian Moore	Read Replies (1) \| Respond to of 7247

OT - re Long Term Cap --------------- As is common, the press has it wrong. "Long-Term Capital Management received a $3.5-billion bailout" "to save LTCM from collapse" All the cash did was buy them some time. To me, the press stories give the impression the problem was solved, but if their investments in foreign markets keep deteriorating and money flows into US bonds continues, LTC's positions in these markets will suffer. It is possible that in another month they will need another bailout. Other firms similarly positioned could be in trouble too. These events could spark a big downturn.