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To: Thomas M. who wrote (200020)10/24/2002 2:04:13 PM
From: Win-Lose-Draw  Respond to of 436258
 
so 2/3 of junk bond defaults are already priced in, that's gotta be bullish!



To: Thomas M. who wrote (200020)10/24/2002 2:17:45 PM
From: Les H  Respond to of 436258
 
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To: Thomas M. who wrote (200020)10/24/2002 3:02:20 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
"The risks it poses to invested capital are lower by far than those presented by the tiny government bond yields that resurface during periodic deflation scares."
Can you explain that to me?