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

To: B.REVERE who wrote (31774)	10/16/1998 1:54:00 AM
From: Follies	Respond to of 94695

Well globex ain't moving yet. Lets see 1/2 billion, what percent does that represent of the LTCM exposure? Lets say LTCM sold naked puts and bought in the money calls to the tune of 1/2 billion (I seem to remember someone else who went bust last year from doing this) The bankers say to Al " We will take over this paper but you better not let this expire under 1050". The worse part about this whole thing is that it is VERY obvious that the FED is now manipulating the markets. That does not bode well for the markets. In fact its scary.