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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: NOW who wrote (4656)11/10/2001 8:42:38 PM
From: Joan Osland Graffius  Read Replies (1) of 99280
 
davidd, >>this is a profits recession, not simply a recession caused by lack of capital spending.

I don't know what you are referring to, but corporate debt certainly contributes to profit problems. Who in the heck is going to lend or buy the bonds of some of these companies with lousy balance sheets.

BTW, Merrill "Lunch" must have been in on the latest Ford bond deal. I have noticed that they have a ton of the bonds being offered to their clients and they have stuffed the bonds in some of their bond mutual funds. Man, is this a buyer beware game that is being played on wall street. People are starting to figure out the equity mutual fund game scam and soon they will figure out the bond fund game.

Joan
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