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To: Kenya AA who wrote (43644)1/15/1999 8:21:00 AM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 97611
 
K.... boy, the S&P futures have been KRAZY this morning. Started up 9, then down 10, now up 10. Do you know if the markets are open or not on Monday??? El



To: Kenya AA who wrote (43644)1/15/1999 8:30:00 AM
From: DownSouth  Read Replies (1) | Respond to of 97611
 
more details on RMBS this morning - apparently they didn't miss the quarter, they just said that the next few quarters would be flat

RMBS did not disappoint, in accordance with previous guidance. And their warning that next two quarters will be flat was NOT a surprise. The market (me) pushed the price up with unfounded zeal expecting unexpected good news. It ain't RMBS' fault; its the market that did it to ourselves. That is why I will stay long because the reasons that I bought RMBS in the first place have not changed. In July the balloon WILL go up, right on schedule.