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To: JRI who wrote (45299)7/11/2002 1:26:30 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
MM's point is the same point I try to make when I speak of the "window being opened". Sure, we all know it's a myth, but there are times when the window to an extraordinary event is open. This is such a time. It's still a low probability event, but when the chances go from .001% to .1%, we'd be fools not to be more cautious based on such a large increase in the odds.

There are unusual things happening in the credit world these days. It is not like other market lows we have seen.

Good luck.