Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (150471)	2/10/2002 6:07:44 PM
From: reaper	Read Replies (5) \| Respond to of 436258

<<This is not a bear market>> On this I presume we will have to just agree to disagree. <<Bears are just picking up crumbs and aftershocks from the 2000- 2001 bear market now>> Then I guess my wife and (soon to be born; only 5 weeks away now!!!) daughter are living on crumbs; and here I thought I was providing them with an excellent lifestyle <g>. Enron and its $60 billion of market cap and who knows how much debt capital are GONE. Tyco has shed $50 billion of market cap as the market has begun to agree w/ bears opinions that the company is at best aggressive and at worst a house of cards. And Tyco has $10s of billions of debt that saw spreads blow out 200-ish bps last week -- that is a large move for the debt markets. Elan has shed $20 billion of market cap as it has been revealed to be more accounting scam than drug company. Ford Motor barely has access to the commercial paper markets. Global Crossing is no more. Worldcom/MCI is on the edge. AT&T is much closer to the edge than you know. These are not "crumbs". Amazon and the rest of the dot-coms were *&^%ing irrelevant crumbs. These are multi-billion $ corporations that are blowing up and taking the DEBT markets with them. These are not the 'aftereffects'; these are the shots across the bow. The main event hasn't even begun yet. Cheers