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To: Zeev Hed who wrote (1545)10/8/1998 9:27:00 AM
From: Sam  Respond to of 3069
 
Zeev,
I'm sure that there will be other bankruptcies among hedge funds, but I doubt if any of them had the same access to credit that LTCM did. Which means that even though there will be fear, it shouldn't have the same ripple effect. How many people have the kind of cowboy prestige that Merryweather and Scholes and Gang did? Almost none. That, I suspect, is why AIG and Goldman got Buffet in their attempt to take over LTCM; he was their equivalent of "2 Nobel Prize winners" (nevermind that they didn't win the Nobel for trading, it still dazzles and opens doors). They didn't need his money, they needed his image.



To: Zeev Hed who wrote (1545)10/9/1998 9:26:00 AM
From: Carl R.  Read Replies (2) | Respond to of 3069
 
Rally should continue today but may run out of gas at the end....

Carl



To: Zeev Hed who wrote (1545)10/10/1998 3:09:00 PM
From: Alan Hume  Read Replies (1) | Respond to of 3069
 
Hi Zeev,

"Decline in the $"

this is the latest bullshit reason for the markets getting slaughtered. Think: Decline in the Yen didn't do anything for the Nikei in the past three years I seem to recall. In fact the Japanese are blaming the RISE in the Yen for the decline reason for
the recent sub 13000 decline.
Some how, some where, lines seem to be crossed. But then in Bullshit everything is possible....

Alan