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Bed Bath & Beyond Inc. Message Board

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  • gestumble gestumble Mar 19, 2008 12:14 AM Flag

    Auction Rate Securities

    Randy, careful. Your verbiage says it all:

    "We do not know but higher quality securites like they are supposed to have can possibly do better if the auctions fail because the interest goes up."

    Do not know, supposed to have, possibly...

    Sure, normally you are correct. But the system is not functioning normally.

    If you have been in (watching?) the stock for years and years, until recently you and the longs have been right. But, don't you think there are many signs the future will be nothing like the recent past? In that environment did the typical consumer's largest asset lose value? The times they are a changin' and the wealth effect's ridiculous reflexive process/feedback loop has been reversed.

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