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.

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

To: Lucretius who wrote (21045)	2/23/1999 11:39:00 AM
From: Earlie	Respond to of 86076

LT: I'm on the run today, but just caught your comment about the bond market. I'm with you. I'd rather ride with the "bond vigilantes" especially when they get their adrenalin up. These boys "ain't clear stupid". They see the producers (ex autos) slowing and they're asking themselves some easy-to-answer questions. "Now if this producer (whose debt paper I own) is both slowing AND taking on additional debt, will he be able to pay me my interest? Or principal? Hmmmm,....maybe I'll just unload this paper as it's getting a little soggy looking. (g) It's always the same,... first commodities tank, then producers slow, then shipping deteriorates, followed by a bond flop, and finally stocks test gravity's eternal power. Four down, one to go. (g) Best, Earlie