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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Gary E who wrote (34521)10/6/2000 2:00:46 PM
From: Peace  Read Replies (3) | Respond to of 50167
 
Heard something about rumors of junk bond troubles on CNBC. The brokers are taking it on the chin today. Check out MER, GS, LEH, MWD. BKX down 5%.

Edit : CNBC just talked about it again. Rumors of a large loss at some brokerage with high yield underwriting for telecoms. Morgan Stanley has apparently come out and categorically denied the rumor. Woner if others will follow.