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Pastimes : Ask Mohan about the Market

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To: Joseph G. who wrote (7550)	11/13/1997 3:30:00 PM
From: Cynic 2005	Read Replies (2) of 18056

Joe and all, thoughts for short-term. Very short-term! 1. The sharp rally today: At around 12:15 a sharp turnaround in the futures market turns the markets sharply around! - a) an expecetd bounce at SPZ 900 or b) PPT in action! 2. Greeny speech - non-factor! 3. Markets SHOULD be concerned about the strength in bonds! 4. Volatility in bond market is puzzling long bond yield down almost 6 BPs and then closed down only 2.4 BPs. Tomorrow's PPI is very important. Scenario 1: Core PPI up 0.1 or more, the market rallies 100+ Scenario 2: Core PPI +0.1 to -0.2 - market stays volatile as it is today! Scenario 3: Core rate -0.2 to -0.3, big down day Scenario 4: Core rate gives-in 0.4 (i.e. -0.4) or more, Armegeddon tomorrow or Monday! I think that the bonds are looking at either S3 or S4! And, I am too! The moment long bond yield closes below 6% "in a hurry", the stock take a tumble! Comments? -Mohan

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