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Strategies & Market Trends : Coming Financial Collapse Moderated -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (608)	9/3/2001 8:50:05 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 974

whew.. I thought you were going to say something negative. How was your holiday?

To: TobagoJack who wrote (608)	9/3/2001 3:41:53 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 974

Hi Jay, Glad you enjoyed the "doom and gloom"... <g> I included the one article that attempted to be positive as a counter balancing story. But in reality, it was an attempt to demonstrate (in a general way) how bull artists (pun intentional) would try to put a positive spin on what is basically negative news, which I view as a variance on the old "if you can't dazzle them with brilliance, then baffle them with BS" ploy. I was especially taken with the argument that lower interest rates paid on cash vehicles would drive some investors back into the markets seeking higher returns. Yes, indeed! As I recall from my grammar school arithmetic, a 2% gain in a money market fund surely beats a double-digit percent loss in an equity or bond fund. (That's right. Bond funds will surely decline here in short order, as corporate debt is refinanced at lower interest rates, leaving only junk status paying higher rates. As defaults start to mount, overall bond fund returns will be hurt. This scenario runs contrary to the conventional belief that as stocks go down, bonds will rise and that as interest rates decline, yields will increase.) I don't think it's going to happen this time around. The spin-meisters will be out in full force tomorrow on CNBC. Unfortunately, I have jury duty and will likely miss most of the Divine Comedy... <g> Chug-a-lug... Catch you later. KJC