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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (9020)7/10/2004 10:28:44 AM
From: Knighty Tin  Respond to of 116555
 
FH, There is no better investment than loaning money to folks who have no chance of paying it back, whether it's junk bonds or 100% mortgages. <G>



To: Crimson Ghost who wrote (9020)7/10/2004 11:12:32 AM
From: mishedlo  Respond to of 116555
 
Strong junk bond action could portend a final stock market rally sometime this summer.

That would be Brian Reynolds take
Against that you have
1) falling earnings and warnings all over the place
2) A fed that is trying to tighten
3) potential terror scares
4) rising oil
5) a falling US$ that finally seems to matter

I think the top is in in equities and junk
Mish