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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (24132)	10/12/2002 8:08:13 PM
From: energyplay	Read Replies (2) \| Respond to of 74559

Hi Mark - Not sure the Vanguard fund is a good proxy, since it has Treasuries, GSEs (Freddie, Fanny, etc.) and some German bank bonds in their top ten holds according to the last Moringstar. The liquidity comments from Rubin are excellent. DJ - as for this being a ramp job- Maybe - but I think there was too much negative the past month or so (Brazil worries, Iraq war, terrorism, deflation scares, etc.) so I think that expectations on the economy were ramped DOWN, and now we are getting a pop to the upside. Don't blink as we pass through reality-land. Some of the negative spin on the economy comes from self -feding media frenzy, some from Democrats who see the economy as an issue which could work against Republicans for the November elections, and some from Wall Street who want to buy up stocks cheap. Stock Market is still too high vs. the U.S. GNP - but the corporate spreads over Treasuries have been HUGE. Not everything is going BK.