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To: Mohan Marette who wrote (71232)10/10/1998 11:57:00 AM
From: Joey Smith  Read Replies (1) | Respond to of 176387
 
Mohan, great post. Just shows you how much mis-information there is out there, and how in times of fear, any uncertainty is construed negatively.
joey



To: Mohan Marette who wrote (71232)10/10/1998 12:23:00 PM
From: Lee  Read Replies (1) | Respond to of 176387
 
Hi Mohan,..Re: LTCM's losses less than feared

Thanks for the article Mohan, now if we can just figure out who to believe. Maybe we can convince the Fed to do one more arm twisting by making them (LTCM) reveal actual holdings? GGG It's becoming more apparent that stories are blown out of proportion lately, but whether it's from lack of accurate information or an effort to make sensational headlines, I don't know. So for this reason, we might guess that the actual losses are somewhere in the middle for lack of more accurate info?

On another note, regarding all the talk of a bear market lately, here's what one had to say about some of the indicators (like adv/decline, etc.) in this morning's Omega list.

Well a human indicator named Warren Buffet has been buying MER. Remember Grandville's bathtub scenario, smart money leaves first and enters first? The herd is heading for the exit gates and the side lines.

Regards,

Lee



To: Mohan Marette who wrote (71232)10/10/1998 2:04:00 PM
From: Ibexx  Read Replies (3) | Respond to of 176387
 
Thanks for an interesting article.

I heard, however, from a WS contact that LMTC managed to save its own neck, but many of its partners/investors were left holding the bag because of the complex mechanisms by which their investments were made.

The above information is unsubstantiated, naturally. (How can anyone substantiate it anyway?) Just wondering if anyone else has heard or read the same thing.

Ibexx