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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: DOUG H who wrote (27966)	8/3/1999 8:34:00 PM
From: Rarebird	Read Replies (4) \| Respond to of 41369

Danger signals are everywhere. NEW YORK, Aug 2 (Reuters) - U.S. dollar swap spreads -- a barometer of credit risk in the fixed-income markets -- widened on Monday to levels not seen in a decade, tugging mortgage-backed debt spreads to Treasuries wider. Discount 30-year mortgage-backed securities prices were off 8/32 to 10/32, while premium mortgage-backed debt was off 7/32 to 1/32 firmer. U.S. 10-year swap spreads exceeded fall wides of about 97 basis points when they traded as wide as 102 basis points this session, according to market players. As in recent weeks, the wider swap spreads pushed mortgage-backed securities spreads wider on Monday, according to Art Frank, head of mortgage-backed research at Nomura Securities International Inc. "It was another bad day in mortgages," he said. Frank said MBS were also wider because of supply and demand imbalance. There has been a deluge of new issues in the corporate and asset-backed debt markets in recent weeks. PS You call me nearsighted! ROFL! The former German Chancellor had a nice word to describe the AOL Bulls: "Psychopaths" PSS What makes you dogmatically assume AOL will come Back THIS TIME? PSS I just love to see you guys express your ineptness by attacking the messenger rather than the Message! If your so interested in my views on Gold and Y2K, come mosy on down to these threads, and I'll be happy to share my wonderful thoughts with you.

To: DOUG H who wrote (27966)	8/3/1999 8:41:00 PM
From: Rarebird	Respond to of 41369

From someone who appears to have seen it all: Sunday August 1, 7:48 am Eastern Time "Psychopaths" fuel US share boom-Germany's Schmidt FRANKFURT, Aug 1 (Reuters) - Former German Chancellor Helmut Schmidt said in remarks published on Sunday that U.S. share prices were being driven to unsustainable heights by ''psychopaths'' on Wall Street and that a slump was inevitable. Schmidt told Welt am Sonntag newspaper that the United States, despite being presented as a shining economic example to Germany, had a private savings ratio below zero and was creating an underclass of the working poor. ''Many people are enthusiastic about the United States at the moment. But people don't realise that the share price boom is totally overvalued and that psychopaths are driving the prices up,'' said the 80-year-old Social Democrat who was West German chancellor from 1974 to 1982. ''It's only a matter of time before the boom ends and prices tumble down again -- just as it happened in Japan.'' Schmidt said that by psychopaths he was referring to ''the young 30-year-old dealers and 40-year-old fund managers who with their daily and hourly fund allocations have no other aim than to get the best possible performance.'' ''These people lack an overview of the world and world economy and also of the responsibility that entails.'' Schmidt said the euro's depreciation by as much as 15 percent this year did not signify that the new currency was weak. He said he had witnessed the dollar trading at 3.47 marks and at 1.36 marks in the space of 1-1/2 years. "No one ever got the idea that that meant the mark was weak." biz.yahoo.com PS. Now what word would you use to aptly describe AOL Bulls?