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To: NickSE who wrote (77221)	11/29/1999 3:08:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Nick, i do follow the bond average, and it seems to be saying something negative about either the direction of rates, companies' creditworthiness or both. normally, such a breakdown in confidence in corporate bond issues would result in a sell-off in stocks...the fact that it does not (so far, anyway) goes to show how intense this mania has become. the stock market is now a closed system similar to Japan's market in the late '80's, where the new era beliefs have taken hold to such an extent that they can't be derailed by facts anymore, no matter how sobering the facts may be. it is a classic bubble the bottom of which will fall out with little advance warning. actually the only warning we'll get will be from Luc...<ggg> i can't wait to see the spectacular collapse when it finally arrives...it'll be a great horror-show. hb