Zeev's Turnips - No Politics Message Board

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

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To: Steve Lee who started this subject	6/25/2002 11:24:10 PM
From: shoreco	Read Replies (2) of 99280

IMO, This WCOM news has been know for months... Just take a look at their chart and with AA being the auditor, don't tell me this has caused the futures to tumble... All this is, is a smoke screen to take the focus off the US Government that might have to shut down because they are out of money!!! There was a Bond auction that was canceled today... * DEBT CEILING * Treasuries at the shorter end have been propped up by the threat of delay in the issue of two-year notes, scheduled to be auctioned this week. A legislative wrangle over the U.S. government's debt ceiling has forced the Treasury to postpone announcement of its monthly auction. The Department said it will reach the debt limit -- possibly forcing a default on U.S. government debt -- as soon as the upcoming weekend. Traders said a resolution of that problem could bring in new supply and encourage profit-taking EOM Shoreco PS The bottom line is, they are out of money!!!! If this happens, they will have to start by closing National Parks first... Just in time for the 4th of July....

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