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Post# of 704041
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Ace Hanlon

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Ace Hanlon

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Re: extelecom post# 104096

Saturday, 05/03/2003 10:11:12 AM

Saturday, May 03, 2003 10:11:12 AM

Post# of 704041
I suspect we will see some retenchment in junk funds as well. But probably not a very sharp pullback unless the stock market really goes into a tailspin.

Interest rates are likely to drop further if the markets pull back. That should partially offset a probable widening in credit spreads.

“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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