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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (1818)	2/1/2001 9:43:37 PM
From: TobagoJack	Respond to of 74559

Good one, and actually just how I feel, until the next 100 basis pts is given to us, good and hard. At least one tycoon can thank the maestro ... QUOTE Friday, February 2, 2001 CyberWorks can breathe $300m easier BEN KWOK Lower interest rates will give some relief to debt-laden companies such as Pacific Century CyberWorks. CyberWorks, with a gross debt of HK$36.6 billion, could save an estimated HK$300 million a year, according to SG Securities. "CyberWorks would be the biggest beneficiary in a falling interest-rate environment," said Jonathan Iu, analyst at SG Securities, who said the fall in London Interbank Offered rate (Libor) was faster than the fall in the Fed fund rate. Libor fell to 5.4 per cent yesterday from 6.2 per cent at the beginning of year. CyberWorks paid an average of 1.17 per cent over Libor in annual interest expenses to secure its recent US$4.7 billion refinancing loans. Shares of CyberWorks rose 6 per cent at one stage before ending with a gain of 3.3 per cent and closing at HK$4.675. Brokers said rumours that Singapore Telecommunications was looking at taking a stake in CyberWorks fuelled the share price movement. UNQUOTE

To: Shack who wrote (1818)	2/1/2001 11:14:33 PM
From: Don England	Respond to of 74559

deleted

To: Shack who wrote (1818)	2/1/2001 11:16:54 PM
From: Don England	Respond to of 74559

deleted - again. think s.i. is effing with my head.

To: Shack who wrote (1818)	2/1/2001 11:19:48 PM
From: Don England	Read Replies (1) \| Respond to of 74559

<I am reminded of the pathetic gambler in Vegas who starts checking slots for stray quarters.> i NEVER considered myself pathetic, and besides, i found more in the slots than i ever did in phones. and all those free drinks - come on now. don

To: Shack who wrote (1818)	2/2/2001 10:23:47 AM
From: Bid Buster	Read Replies (3) \| Respond to of 74559

change it?.....why? everytime theres a bear rally this thread gets quiet..nothing has changed..where do you think think the indices will be later this year?...imo there is more dumb money in the markets than anytime in history..the chart chasers are like rats in a maze searching for crumbs of cheese..and theres not much cheese left..i'm just sitting at the maze entrance eating the rats that emerge.

To: Shack who wrote (1818)	2/6/2001 8:13:26 AM
From: Baldur Fjvlnisson	Respond to of 74559

Short Term Predictions """...The U.S. economy will experience increasingly negative GDP growth for Q1 and Q2 with some moderation in Q3 but no return to positive GDP growth until 2002 at the earliest. Unemployment doubles from 4% to 8% by the end of 2001. Evidence of a deepening recession by mid-2001 even as rates are cut will cause foreign investors to doubt the ability of the Fed to halt the economic contraction. At first foreign capital leaves the U.S. in search of better returns elsewhere. Later, as perception of default and currency devaluation risks rises, capital flows out of the U.S. in earnest. The fiscal "surplus" of the past few years will turn out to be due primarily to capital gains tax receipts. As tax payers take capital gains losses against gains in 2001, tax receipts will fall by a greater extent than expected. Tax cuts, blessed by Greenspan last week and enacted to help the economy will create an enormous fiscal deficit for 2001. The bond market will price this in before the event, driving up interest rates in late 2001 and further stifling capital formation...""" itulip.com