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To: yard_man who wrote (7515)10/2/1998 9:56:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
I think so. LT did not have enough assets (*) to start with to make much difference even for one day, assuming they did not keep it all till today and dumped it all in one day. However, it might be there is (are) other fund(s) with more NAV doing that, and the rumor got the name(s) confused ...

(*) recall that stocks are not leveraged anywhere as much as bonds

He also brings something I posted to sicksoists a month ago, needless to say in vain (one sucker even posted they will fire people and buy MORE equipment, no kidding):
<<Coming up, pay attention to the expenditure cutbacks by the large corporations - especially the financial institutions - most notably for computer-related items. More than 20 percent of computer-related sales go to financial institutions, something that will slow dramatically. >>