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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (12017)	11/30/1998 4:33:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 86076

I guess I read him differently than you. I only look for a sentence or two of value. To me, all of the people where he is are fos. I read an entire Peter Lynch book and get a paragraph or two of value. In this article I get the following of value: 1. First paragraph, the economy is cooking. 2. Second paragraph, Japanese are selling bonds. (confirmed elsewhere to shore up banking crisis) 3. Second paragraph, pundits told us that Japan owned us. If they ever sold their bonds we were doomed. -- This is true. 4. Third paragraph: blah blah blah 5. Fourth paragraph: blah blah blah 6. and so on blah blah blah until the end Finally, markets are getting in synch with what corporate America has known for the longest time: Without the U.S. as a sizable borrower, there really isn't that much long-term credit demand. The leveraged buyouts, the need to borrow to expand for non-existent price increases, these are things of the past. Most of the top companies in this country don't need the long end of the credit market anymore. Except for communications companies anxious to build out their networks, there are no mass borrowers. The result is a sustained tightness at the long end that continues to keep prices down as there is more demand for long paper than there is supply. And stocks are the true beneficiaries of this tightness To me that is reasonable, and at worst thought provoking.