Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (32527)	10/27/1998 1:30:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 94695

<<see the same things Cramer does>> Creamer never sees ahead. He just comments on what happened. And claims to be on the winning side of the trade all the time.

To: Chip McVickar who wrote (32527)	10/27/1998 1:50:00 PM
From: HairBall	Read Replies (1) \| Respond to of 94695

Chip: Thanks, very interesting. Regards, LG

To: Chip McVickar who wrote (32527)	10/27/1998 2:25:00 PM
From: bearshark	Read Replies (1) \| Respond to of 94695

Chip: The WSJ-interactive had a brief note that $3 billion in corporates were planned on last Friday as a result of the loosening in the Fed rates. They were noting how difficult it had been to issue bonds. However, only top quality bonds are now moving. That is the basic story.

To: Chip McVickar who wrote (32527)	10/27/1998 3:11:00 PM
From: Ken98	Read Replies (1) \| Respond to of 94695

Chip, I think Cramer is right on this one. I work with commercial real estate and the market for commercial real estate has been put on ice for the past couple of weeks. There is no liquidity. The REITS are out of the market (have been for 2 months), the conduit lenders are out of the market (they are walking hard loan commitments because they can't get warehouse lines), the national retail banks are out. Last week the WSJ reported that there is more than $30B in mortgage backed securities sitting in the pipeline of the investment banks. No one is going to do another conduit loan until all of that inventory is gone. A lot of the major players (debt and equity) have gone to the lockeroom until 1Q 1999. Cramer's comments about Lucent seem to be the same story. There's a reason why they floated $2B to Winstar for equipment - Winstar was shut out of the junk bond market. Lucent (like GE before them) has become a "hedge fund in drag." Look for more of these deals - they are now the lender of last resort for the CLEC industry. Its all about liquidity - its the oil in the big engine. The engine can only run for so long without oil. That's why I think Cramer is right on this one after reading that article. Thanks for the post. Regards, Ken.