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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 677.58+0.3%Nov 5 4:00 PM EST

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To: UnBelievable who wrote (54120)6/14/2000 7:51:00 PM
From: pater tenebrarum  Read Replies (3) of 99985
 
credit spread alarm:

the AA corporate spread went to a fresh high of 169 bps. today. likewise the TED spread reached 115 bps, a new high.

i guess the comments by PIMCO boss Bill Gross may have had something to do with that...he urged investors not to stray from the safest areas of fixed income.

but how can that be, when WS is telling us it's safe to play in risky stocks?

obviously, Gross, and the credit markets must have it WRONG! <vbg>

regards,

hb
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