Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (36330)	11/10/2000 9:22:15 PM
From: BigBull	Read Replies (1) of 436258

some words of caution from sectors which haven't warned yet, especially the banks Does this count? biz.yahoo.com ``The biggest (concern) right now is credit,'' he said, speaking at the Security Industry Association's annual meeting in Florida. ``Credit losses have been going up...fairly consistently.'' More companies are defaulting on their high-yield debt, he said. While default levels aren't as high as they were in 1990, during the last recession, Dimon noted how different the economic environment is in 2000. ``The difference here is we're in a great market, and (high-yield default levels are) starting to go up,'' said Dimon, the former president of Citigroup Inc. (NYSE:C - news) who became Bank One's chairman and chief executive earlier this year.

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