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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Tunica Albuginea who wrote (54839)6/21/2000 2:39:00 PM
From: pater tenebrarum  Respond to of 99985
 
telco infrastructure build-out related debt rose by $500 bn. over the last 12 months. presumably some of this money is still to be spent - whether the margins will ever justify this large debt-based investment is something the jury is still out on.

i notice the market seems firm in spite of all the 'bad' news...investors faith seems unperturbed.
of course it's largely OPM that is used to express this faith - other people's money.

regards,

hb