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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Don Hurst who wrote (619980)	7/18/2011 5:22:41 PM
From: Brumar89	2 Recommendations Read Replies (1) \| Respond to of 1575868

Why are you repeating the secession lie? Oh right, you're a liberal and lying is what you do. BTW TX does not have a budget deficit.

To: Don Hurst who wrote (619980)	7/18/2011 5:35:14 PM
From: tejek	Respond to of 1575868

Tom Graff NewsCorp bonds get wacked 7/18/2011 4:49 PM EDT NewsCorp is obviously in the headlines. Their bonds are trading like this becomes a serious credit issue. S&P put their BBB+ rating on watch negative today and the credit markets are saying the cut will put them in junk territory. The 4.5 '21 were trading in the +150 area on Friday, now over +200. The long bonds are even worse, from around +180 to +240. That's around 9 points on the longer bonds. If you think they survive, consider buying when they get downgraded to junk. Typically that causes a flurry of selling, as many investors cannot legally hold junk bonds. But as long as the company rights the ship even a little, the weeks immediately after a downgrade are typically the widest the bonds trade.