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To: Paul Shread who wrote (45376)7/11/2002 4:50:58 PM
From: NOW  Respond to of 209892
 
"The process of remediating the monstrous mess created
by the bubble years in the economy and the market both
is by no means over," says Abelson. "The insidious
effects of the looting of Corporate America's good name
by the scoundrels entrusted with its stewardship are
hardly dissipated. Pure and simple, it beggars belief
and runs counter to common sense and logic that the
biggest stock market bubble in history won't engender an
equally powerful bear market...Before it's over, it
will, and it won't be over until it does."
AlanAbleson (AA?)



To: Paul Shread who wrote (45376)7/11/2002 5:37:52 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Yeah, that debt concerns everybody

Their bond issue in March resulted in a big whack, one that won't be cured for a while.

Nevertheless, although I'm hopeful for them I'm not for the market in general intermediate term, but since they're such a heavy component, I guess it's understandable to these have mixed feelings.

You can still go long AH. They're up a quarter <g>

Disclosure: If you can't already tell, I'm long GE (put protected, though)