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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Mark Johnson who wrote (18348)6/19/2001 10:10:50 PM
From: Sun Tzu  Respond to of 30051
 
>...we'll end this year 12 to 20% higher because of the liquidity provided by the rate cuts...

Not quite. Despite the rate cuts, companies have a hard time financing due to credit rating deterioration and poor market psychology. Just yesterday I overheard a bond manager complain at the cafeteria "every thing is just shit!".

Namaste!
Sun Tzu