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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (22801)	10/29/2001 5:03:11 PM
From: 4rthofjuly007	Read Replies (1) \| Respond to of 52237

Do you ever buy at the bottom of the channel or do you usually just try to catch the early part of the channel "formation" and hold until it is breached?

To: TREND1 who wrote (22801)	10/29/2001 5:50:37 PM
From: stockman_scott	Respond to of 52237

S&P sees $100 bln in corporate debt defaults in 2001 NEW YORK, Oct 29 (Reuters) - About $100 billion of corporate debt will go into default this year, more than twice as much as ever before, as the United States heads for its first recession in a decade, a leading credit rating agency said on Monday. Standard & Poor's said more than 200 companies will default on their debt, compared with 117 defaulting on a record $42.3 billion in 2000. It revised its estimated year-end junk, or high-yield, bond default rate to 9.4 percent from the 8.6 percent it projected three months ago. "The U.S. economy is clearly in a recession," S&P's chief economist David Wyss said in a statement. "Although Standard & Poor's expects it to be relatively mild and end in early 2002, the risk of a longer and deeper downturn is high." S&P rates junk bonds "BB-plus" or lower because of their credit risks. The rating agency blamed this year's surge in defaults on recent weakness in junk bonds, which caused prices to fall and yields to rise, and the reluctance of lenders to extend credit. "The current flight to quality ... will make it difficult for stressed obligors to roll over their debts," said David Keisman, managing director at S&P Risk Solutions. "Many companies in financial difficulties will see their funding sources dry up and be pushed over the brink." Another rating agency, Moody's Investors Service, has projected a year-end 10 percent junk bond default rate, and expects the rate to rise to 11 percent by next spring. (( Jonathan Stempel, U.S. Financial Markets Desk, (646) 223-6317, jon.stempel@reuters.com )) REUTERS * end of story *