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To: robnhood who wrote (28767)	10/17/2000 7:34:36 AM
From: robnhood	Read Replies (1) \| Respond to of 436258

<< "As prices fell, yields soared. The average junk bond yields 13.53 percent, or 7.77 percentage points more than Treasuries, according to Chase Securities Inc.'s global high-yield index. That compares to a yield spread of 7.64 percentage points in mid-October 1998, the height of the world financial crisis." >> biz.yahoo.com

To: robnhood who wrote (28767)	10/17/2000 7:34:46 AM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

rrman, Like I was saying in some PM's last night, this market has me a little frozen here. One can see I am posting less. I have nothing to add to the debate at the moment. Besides, I am a great believer in not taking aggressive positions at obvious critical turning points. I would rather sit back and wait for some bars to be put in until I can make a decision I am happy with. I might miss an opportunity this way, but it is safer and there are no lack of opportunities. The voodoo machine tells me so far that we have two possibilities. We head aggressively south again by Wed/aft-Thu/morn or we go sideways/slight-up for a few weeks. If we get some up today I will probably add a couple of index puts to my basket that I would hold for a few days to cover the possibility of quick down.