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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (24103)5/24/1999 12:58:00 PM
From: Jimsy  Read Replies (2) | Respond to of 44573
 
Chip - just the downgrade of the 4 US banks, can't remember all of them, BankOne was one of them, Citicorp, siting Y2K concerns, etc.
Doubt if it was valid stuff, just a way to bring the market down after the AG bias warning. We needed to get the market down a bit before anyone would take it long. Looks like that was accomplished, at least the first part. Light volume sell off so no big panic yet.