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To: Ms. X who wrote (13695)2/9/1999 4:20:00 AM
From: PaddyD  Respond to of 34809
 
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To: Ms. X who wrote (13695)2/9/1999 8:53:00 AM
From: Mr. BSL  Respond to of 34809
 
Hi Jan. Anyone looking for some downside action in the financials might consider the financial SPDR XLF. This way you don't have to worry about major upside surprises such as your favorite dog becoming a takeover target etc. XLU is also interest rate sensitive. However, it is not as pure an interest rate play because of the growth factor in the telecoms. FWIW. Dick