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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: stomper who wrote (11054)7/6/2001 2:10:56 AM
From: Jacob Snyder  Read Replies (1) of 52237
 
Actually, I found it hilarious. Especially the choice of Steve Martin as the voice of sober reason and maturity. But I like my humor without cream or sugar, just straight black.

The same day's WSJ has another article that says:

The telecom industry will soon begin contributing to U.S. commercial banks' heap of losses from soured loans. The ongoing implosion of the telecom sector comes at a time when the weakening economy has thrust the issue of loan quality forward as large corporations, followed by mid-sized businesses and consumers, no longer have the same wherewithal to diligently pay down their debts. "We are getting to the point where telecom assets will start to have an impact," said analyst Judah Kraushaar of Merrill Lynch & Co., who expects nonperforming loans to rise in the "mid-teens" in the second quarter from the preceding first quarter
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