PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: xbrent who wrote (10863)	8/7/1998 7:06:00 PM
From: ColleenB	of 43774

Wow....with all of this going on...we end up with an uptick on PRWT...puts it in a pretty good perspective....looking forward to next week It's been a roller-coaster week on Wall Street again, this time fueled by more of President Clinton's legal wranglings with prosecutors and continued strife in the Asian economies. Market analysts such as Kiplingers and other economists are predicting that 30-year Treasury bond yields will continue to drop slightly in the next few weeks. Long-term bonds, primarily 10-year and 30-year bonds, are among the chief pricing indices for mortgage rates. When bond yields drop, typically, conventional mortgage rates fall as well. Some Kiplingers experts are predicting that the 30-year bond yield will fall to 5.5 percent before rising later this year to the 6 percent range. In conjunction with that prediction, many market watchers are speculating that mortgage rates will hover around that comfortable 7 percent range before inching higher by year end. Cautious brokers have advised many to hold off on putting too much money in the stock and bond markets right now, especially the stock market. Long-term investments such as bonds are a safe haven in a volatile currency market, but some believe a wait-and-see posture in any investing is currently wise. What are the reasons cited for some of that "digging in of the heels" these days? The domestic economy is softening, according to financial and economic reports issued in the last few weeks. There also is increased worry over Asian economies, weakening in business investment and a drop in commodities prices.

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