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To: pater tenebrarum who wrote (31816)10/27/2000 8:17:15 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
All this talk of PPT and some of the other reasons given as to why these strong bounces happen make me sick. -g

Why COMPX bounced hard where it has bounced:

homepages.go.com



To: pater tenebrarum who wrote (31816)10/27/2000 6:14:26 PM
From: RocketMan  Read Replies (1) | Respond to of 436258
 
now we have a situation where the first natural limits to this unfettered credit growth have been encountered. look at the corporate bond market...the sheer size of the debt mountain has begun to raise doubts about the future ability of the debtors to service/repay their debt, without any stats as of yet indicating an economic slowdown...

I agree, and it is interesting that you wrote this yesterday, and this morning we saw the first stats indicating a real economic slowdown. That was ominous regarding the potential debt/credit crunch. Corporate debt restructuring might be the next growth industry.

I expected the markets to react negatively to the gdp. Should have known better, this market is not rational.