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

To: TobagoJack who wrote (33649)	5/13/2003 9:39:41 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Hi Jay - Take a look at FCO - a closed end fund that buys 80%high quality bonds (ususally governments) in UK pounds, Canadian Loonies, Aussie & Kiwi dollars. Nominal yield is about 6%. It sells at about a 6.5% discount to NAV, discount has gone down to about 4.5% this year.

To: TobagoJack who wrote (33649)	5/13/2003 9:56:48 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

Well, are we going to get that much due 'bounce' in the $US soon? That would do wonders in convincing folks the bear in US equities is over if it took prices even moderately higher. DAK

To: TobagoJack who wrote (33649)	5/13/2003 10:06:24 PM
From: Box-By-The-Riviera™	Respond to of 74559

agreed. but with the shut down rate here and in canada as i understand it, the so called expected drop in oil prices is turning into a major wall street piece of ...... which also explains to a degree the us ambassadors actions in canada last week and the immirgration for oil issue in mexico also of last week. homeland security is taking on a whole set of forms. anyway.. i just had the feeling these past few trading dayz the zar had had enough exuberance... and the shares started perking a bit in ways unseen since the low zar benefit daze. who knows.

To: TobagoJack who wrote (33649)	5/13/2003 11:15:20 PM
From: TREND1	Read Replies (1) \| Respond to of 74559

Jay Why is PRIMEWEST paying 18% div ???

To: TobagoJack who wrote (33649)	5/14/2003 12:31:46 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

One small collapse plus another pretty soon we have a real collapse. It will start with air travel siliconinvestor.com. One Jumbo jet costs USD250million. This is equivalent of the capital cost of VW for a truck factory in Brazil. KLM is valued at USD410million or less than 2 Jumbos. The biggest airline (American Airlines) has 7% of the global market. In the four months it lost USD10 million per day. Together, the 10 biggest US airlines, in April, had a market value of USD3,2 billion. As a block their debt totals, USD 103 billion. And you thought that Argentina had a problem :-)