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To: Bill Harmond who wrote (98294)4/2/2000 12:31:00 AM
From: Sonny Blue  Respond to of 164684
 
>> due to the budget surplus <<

And those surplus will grow much more this year thanks to the revenue collecting from day traders and all kinds of capital gains.

>> Biotech <<

Friday morning was the bottom. One should have bought aggressively then.



To: Bill Harmond who wrote (98294)4/2/2000 6:13:00 AM
From: GST  Read Replies (3) | Respond to of 164684
 
William: Your observation on corporates reflects something else -- risk perception as reflected in the spread between corporates and treasuries. A month ago your pat answer would be the standard reply -- but you will find this interpretation increasingly challenged by the steadily inverting treasury yield curve COMBINED with credit spreads which are larger than in October 98. The "soft-landing" isn't looking so soft this time around.