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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (11576)	12/7/2001 7:28:26 PM
From: Rick Storm	Read Replies (1) \| Respond to of 99280

what criteria do you have for buying these junk funds; is it price alone-- or do you need confirmatory action from the long end? How do you find the funds (like no exposure to ene?) rick

To: Crimson Ghost who wrote (11576)	12/7/2001 7:41:12 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

George, are the bond traders dumping in response to the Fed redemptions, or is it rotation into equities? It is a bit surprising that the Fed redeemed again today even though they had the employment numbers last night. Are they sending some mixed signals? I don't recall the Fed moving like this the Friday prior to previous rate cuts, but I haven't been paying that close attention. I thought normally the Fed Funds rate pretty accurately reflects what's coming, within a 30-40% error rate. If 1.875 is too low, how can we get a 25BP cut on Tuesday?

To: Crimson Ghost who wrote (11576)	12/7/2001 7:45:25 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

BTW, George, I had some PRU junk funds back in that time period you're talking about. I recall about 15% returns during that period. I cashed them in and used the proceeds to pay for my wedding <G>.