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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (2593)	8/26/1998 4:08:00 PM
From: Patrick Slevin	of 44573

I did not watch the interview.....I was busy throwing up in the bathroom.....But the concept of strength in bonds is absurd to my way of thinking. Bonds are the short term beneficiaries of flight to quality which is an well, not so reasonable way to invest. You do not pour money into bonds except as a short term tactic when the stock market falters. If the stock market breaks then the bonds go south as well. Buying bonds when stocks have trouble is a temporary safe haven. Again, this brings into play the Kahuna theory of gloom and doom but Druckenmiller seems to be just another foil that is trotted out whenever the larger players need a reassuring voice like Dear Abbey the other day. I think they are spent. They put up a lot of cash to drive the market off last weeks lows and now desperation is setting in. On the other hand, my wife is an astrologer so what possible point of reference or validity could I have?

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