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To: SouthFloridaGuy who wrote (88988)	10/23/2008 9:34:10 PM
From: ggersh	Read Replies (1) \| Respond to of 116555

"The world doesn't have to end if equities fall, but equities must trade in some relation to debt. I'm not sure when people will realize this." Very well said....do HP and BB know this??

To: SouthFloridaGuy who wrote (88988)	10/23/2008 10:20:56 PM
From: ajtj99	Respond to of 116555

There's a reason why some of that debt is yielding so high. It doesn't make sense to buy junk until just before a recovery, and I don't see junk as a value until late 2012.

To: SouthFloridaGuy who wrote (88988)	10/23/2008 11:04:48 PM
From: stockfiend	Respond to of 116555

Which banks? Existing bank debt is not guaranteed by the government and only a few banks carry the implicit too-big-to-fail government guarantee.

To: SouthFloridaGuy who wrote (88988)	10/23/2008 11:05:58 PM
From: Little Joe	Read Replies (1) \| Respond to of 116555

I am completely unversed in what you are saying. What are corporate credit spreads? Where can they be tracked? Do you think they should be bought? Little joe

To: SouthFloridaGuy who wrote (88988)	10/24/2008 2:39:44 AM
From: stockfiend	1 Recommendation Read Replies (2) \| Respond to of 116555

Some figures for I culled for perspective: Federal Debt: $10,495,669,391,439 S&P 500 Market Capitalization: $7,949,805,000,000 (@ 908.11) Money market funds: $3,536,000,000,000 Non-Financial commercial paper: $194,743,000,000 Financial commercial paper: $559,422,000,000 Asset-backed commercial paper: $694,879,000,000 Sources: Federal debt: treasurydirect.gov S&P 500: www2.standardandpoors.com Money market funds: ici.org Commerical paper: federalreserve.gov and federalreserve.gov