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

To: j g cordes who wrote (29707)	10/1/1998 8:08:00 AM
From: Joseph G.	Read Replies (1) \| Respond to of 94695

Banks hedge effects of interest rate changes on their portfolios these days. That's why they are in the derivatives business.

To: j g cordes who wrote (29707)	10/1/1998 6:21:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

JGC: if SPX falls below 930, lookout, it becomes a general route! Bill

To: j g cordes who wrote (29707)	10/1/1998 8:23:00 PM
From: Alan Smithee	Read Replies (1) \| Respond to of 94695

Hi Jim. Long time. Those banks, wherever they are (ideas?), that have a conservative portfolio should be unusually attractive now because with lowered rates their returns should be a home run... indeed they might even be takeovers for their good guy balance sheets. WAMU. Their primary business is home lending. A friend who works there is swamped with refi applications since rates have been dropping. Also, with the stock price in the low 30's, perhaps an attractive takeover target. BWDIK?