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Ace Hanlon

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Ace Hanlon

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Re: Culmus post# 341262

Wednesday, 01/05/2005 8:01:15 AM

Wednesday, January 05, 2005 8:01:15 AM

Post# of 704041
I follow a large representative open end junk fund (SPHIX) every day as I do treasury bonds.

Yesterday SPHIX was flat despite a sharp drop in treasury bond prices.

Which means spreads narrowed further.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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