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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (16915)	1/12/1999 9:04:00 AM
From: Mama Bear	Read Replies (2) \| Respond to of 18691

"There are $100 trillion in derrivatives and the top 8 US banks hold $ 30 trillion. " Can you be more specific by what you mean by derivative? I have an ARM. By definition, that is a derivative, and I don't think the bank that is holding it has taken any undue risk. BTW, I agree that there will eventually come a time to pay the piper. But some of these days I wonder if this country is in 1989 Japan, or 1985? From time to time I recall Cramer who speaks of a call he made earlier in the decade to short the Nikkei and long the Dow until they crossed over, and if that will be the key. Barb