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

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To: Robert Graham who wrote (40471)2/7/2000 10:22:00 AM
From: Tom Trader   of 44573
 
Hi Bob, you make some very valid points

I was telling someone else on Friday, that the fact that the market was able to brush off the stronger than expected employment data certainly suggests underlying resilience.

Regarding the bonds, you are right that the part of the reason for the strength has to do with with the factors that you mentioned. My concern was more to do with reports of heavy losses that were suffered by institutions that were heavily short as the turn occurred. It would not surprise me if there were some large losses -- since the magnitude of the reversal was rather spectacular.

Best wishes
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