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To: Box-By-The-Riviera™ who wrote (97690)	4/24/2001 5:56:10 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

S&P cuts California bond rating!!! HO HO HO! (DAK, hope you kept some MBI poots around.....) marketwatch.com

To: Box-By-The-Riviera™ who wrote (97690)	4/24/2001 6:32:22 PM
From: NOW	Read Replies (1) \| Respond to of 436258

Link to great post JoeL?

To: Box-By-The-Riviera™ who wrote (97690)	4/24/2001 7:10:20 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

i doubt very much that the bond market will be pacified by even more cuts on the front end of the curve. bonds like monetary discipline, not profligacy. of course the point will be moot if we enter the deflationary K winter, in which case govt. bonds would likely do very well while corporate bonds would be in tatters, all regardless of Fed policy.