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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21903)12/11/1998 2:40:00 PM
From: James C. Mc Gowan  Read Replies (2) of 50167
 
IKE: re: spreads corporate/treasuries and Japan
Your post indicates that spreads btw corp/treas. have not narrowed and Moodys website confirms, as of 12/4(most recent date reported)
all corporates at 166/treas. vs 12 mo high at 177/treas.
Also, Baa rated corp. now at 212/treas. vs 218 12 mo high
So, not much change, in spite of Greenspan's efforts to correct spreads.
Do you think high yield play will be worth risk; now I have small profit on HiYield fund; but NAV isn't appreciating over past month, pretty static.
Also, Japan passed below the the 14700 support/resistance level last night, down 400 points; this is only 1 close below 14700 as yet, but
overall world market conditions reflect decline.
Is it too soon to tell if Japan will be moving down from here, or hold and move toward your upside target.
Got a laugh re: your evil twin sister of Bhumbo; how about Bhumboette
Regards
vocex
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