To: BlackJack; arete; dalereed; B4Ranch; rohry; SauronOfMordor; Mr. Jeeves
And another one's gone, and another one's gone. Another one bites the dust.
Which exhibit is this in the Debt Bubble burst? I lost count.
8 posted on
12/17/2002 10:19:58 PM PST by
steveegg
To: steveegg
Since 1943, junk debt had only one case of 3 consecutive less than 5% positive returns, and 6 back to back occasions. We are now in 5 consecutive years. I think THAT says a lot about how shoddy Wall Street had become. This whole bad stock market is actually about how bad the corporate bond market is.
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