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S&P 500
5,308.13
(
0.09%
)
US TECH 100
18,182.00
(
0.62%
)
Dow Jones
39,806.77
(
-0.49%
)
Brent Oil
83.13
(
-0.48%
)
Bitcoin
71,070.35
(
-0.53%
)
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Ace Hanlon

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Ace Hanlon

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Re: None

Wednesday, 03/05/2003 5:21:55 PM

Wednesday, March 05, 2003 5:21:55 PM

Post# of 704019
Better junk bond action is a positve for stocks, but not as much as some may think. A key factor behind the junk rally is the expecation that junk issuance will subside because the market has become much more discriminating. That is not really bullish for stocks at all.

“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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