Hello Rob v!
Hey! How 'bout those Raptors! Go Lenny! The Blue Jays did alright tonight too...
The Mariners haven't lost a series so far.
Anyhow, here a little something of interest:
On Wall Street, though, the pessimists are winning. Spurred on by the
well-publicized failures of Northpoint and Winstar, two
widely--followed-and hugely leveraged--new-era telecom providers,
investors have fled the whole new telecom sector. Prices, stocks, and bonds
alike are stuck in distressed territory.
Consider that an opportunity. Because at crunch times like now, market
dynamics cause the good to be lumped indiscriminately with the bad and the
ugly. When bond and stock mutual funds are hit with panic-mode
redemptions---as they have been for much of the past year or so--portfolio
managers don't have the luxury of drawing fine distinctions between, say,
flawed-business-plan CLECs on the one hand, and aggressive, well-managed
next generation IP carriers--say, Global Crossing--on the other. They sell
what they can, and prices fall across an entire sector. That's when
opportunity knocks.
Let's pray that 360 Networks is one hell of an opportunity too!
Marty |
