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marketmaven

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marketmaven

Re: Chris McConnel post# 321109

Thursday, 11/11/2004 12:10:16 PM

Thursday, November 11, 2004 12:10:16 PM

Post# of 704044
Chris- spreads have gone from highs two years ago to record lows. Absolutely no fear in the equity or Debt markets. After the AmEx allowed Delta to charge $600m on their card, the DAL spread dropped a whopping 38 bp in a week...Some hedgies got whacked being short both the stock and bonds. (but hey, now a forced dilution from issuance of new shares is coming..)
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