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Pastimes : JESUS and FINANCIAL FREEDOM

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To: yard_man who wrote (1083)11/4/1998 1:31:00 PM
From: gregor  Read Replies (1) of 1283
 
Barry:
Watch those 200 day ma's when they are tested.

I am still a little befuzzled by the "liquidity crisis" and it's effect on the high yield corporate markets and especially the real estate market. I can understand how the banks become a lender of first resort rather than the last resort in a liquidity crisis. I can even understand how a lender would increase credit worthiness of a portfolio of loans and charge greater premiums to less worthy borrowers.

But what I cannot understand is that all this seems to be pegged to the new issue market in both corporate stocks and bonds and IPO's. Forgetting for a moment what happened in Russia , Brazil, and even SE Asia, ask yourself the question ? Is it really as critical as the markets have reacted. That is what every investor has to ask and according to the answer, must act accordingly. In Christ.gregor
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