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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (3219)	11/17/1998 9:12:00 PM
From: JPR	Respond to of 12475

'India,Land of the Tiger' On public television now. Thanks. I have been watching the tigers and all. JPR

To: Mohan Marette who wrote (3219)	11/18/1998 10:40:00 AM
From: Shivram Hala	Read Replies (2) \| Respond to of 12475

>> 'India,Land of the Tiger' On public television now. It was an excellent series (3 part), all of which I watched. The narrator Valmik Thapar did an excellent job. My only grouse was that they were trying to cover an enormous topic in a short span (almost 5 1/2 hours). It is interesting to note the theme underlying the presentation i.e. the co-existence of humans and animals, in stark contrast to the western model. I think choosing Valmik Thapar was apt (as opposed to the voice of anthony hopkins) since that infuses colour or color (no pun intended). I bet most desis don't know that the entire himalyan range supports flora and fauna from the frozen tundra to the tropical rainforest (From the elusive snow leopard,to crabs in the lower himalays, to the Gibbon ape). Check out www.pbs.org

To: Mohan Marette who wrote (3219)	11/18/1998 11:06:00 AM
From: Lee	Read Replies (2) \| Respond to of 12475

Hey Mo,..Re:.Fed ease and liquidity Morning Mohan. I found this link on the TSO thread. It's a chilling read but, if fairly accurate, explains why there are no longer any funds for large capital spenders to borrow for shopping centers or other large projects. It further explains why the spread between corporate issues and treasuries got out of whack. It's called risk premium. Anyway, thought you would find it interesting. geocities.com After reading it, I looked at JPM's 10Q to try to get some idea of their commitments. Without getting out a pencil and paper and going through the numbers, several items were telling. Also, no one is going to reveal the extent of their derivative positions and they are mostly referred to as proprietary. (My trading is proprietary too!) <vbg> sec.yahoo.com MARKET MAKING Results across developed and emerging markets were affected by widening credit spreads, illiquidity and price declines in many instruments, increases in market volatility, and the breakdown of historical price relationships across markets. REVENUES The decline reflects lower positioning results in both secondary and derivative market making activities. I think the Fed was acutely aware of this back in June and the events in Russia finally caused the whole thing to be disclosed. So this pretty much clears up why we're getting these rate cuts in the face of fairly strong eco numbers. (At least in my mind) Also, market must have known too since these big money center banks cratered in Sept. and early Oct. At the time I couldn't figure out why they sold off so rapidly. Looks icky, huh? Regards, Lee