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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (47214)	2/4/2002 7:19:10 AM
From: Robert Scott	Read Replies (1) \| Respond to of 64865

Still trumpeting the siren song of gloom I see. The majority of the debt is in bonds and when a company defaults, it's the bondholders that absorb the loss, not the banks, so it does go away. Of course some of the debt will be absorbed by banks if it's credit but so far the banks appear much stronger this recession than in past ones. You forgot to state the full story with respect to the chips - here it is: "Compared to November 2001, worldwide sales in December were down 4%, consistent with seasonal industry patterns." The recession is just starting - that's an interesting assessment that runs counter to all the data. I look for a rally into the summer from here. There certainly are things to be worried about but then there always are in bull markets.