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To: Knighty Tin who wrote (238295)4/30/2003 11:24:35 AM
From: John  Read Replies (1) | Respond to of 436258
 
I agree. What do you think will be the big catalyst for a star-spangled panic induced breech of the October lows?

Talk of the U.S. defaulting doesn't seem to phase anyone. Everyone is on some kind of a debt-induced instant gratification high. -ng-

John



To: Knighty Tin who wrote (238295)4/30/2003 11:38:11 AM
From: ild  Read Replies (2) | Respond to of 436258
 
KT, what is driving SP500 higher? I suspect it's financial cos that keep milking low short term interest rates. Didn't you say borrowing short term to lend long term was a good business model?