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Post# of 704044
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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 348401

Friday, 01/21/2005 5:56:25 PM

Friday, January 21, 2005 5:56:25 PM

Post# of 704044
Some bulls are saying the market will rally sharply if the GM bonds are not downgraded.

Junk bonds in general have been weak lately with widening spreads from Treasuries. But spreads still are very tight and well below hisitoric averages.

“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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