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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: AurumRabosa who wrote (2310)10/5/1999 2:09:00 PM
From: JPLoos  Read Replies (1) of 15615
 
Thanks for a differing view on the Bond Market. Essentially you are saying (correct me if I am misunderstanding you) that the demand for Mortgages and the demand bonds as an investment will continue to increase because:
1.) 2/3 of our economy is based on consumer spending and this finance vehicle(bonds)is in high demand
2.) The aging population (Baby Boomers)are rotating out of stocks into bonds? Or not yet?
3.) And perhaps the most important : If Greenspan can get away with his part of the equation, he has a point or more to tweak the economy as he sees fit.
4.) The over seas markets are seeing strength and are rotating out of the U.S. T-Bills

My stance is based on the following: there is a tremendous amount of money looking for a safer home than the U.S. stock market. I agree with your statement that demand for bonds may rise short term (6 months - 1 year) but I have to believe the increase in money rotating out of the stock market will be in search of a safe home. This is the ultimate crystal ball speculation but, the Stock Market will see a correction that makes the Baby Boomers think twice about their portfolios. Hence the Baby Boomers will be the ones to bid up the Treasury Bills.

As for GBLX we are in the midst of Market Maker Madness. They are jerking this stock all over. But what a great buying opportunity. I really love this stock. Please tell me what could go wrong. I am afraid I like too much.
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