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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: bobby beara who wrote (17225)6/14/1999 11:16:00 AM
From: James F. Hopkins  Read Replies (1) of 99985
 
BB; I'm not up to speed on bonds , but they are getting jerked around
more than ever , money monkeys more bold all the time, more volatility
in the currency markets, & bonds trade just as much on currecy
swaps & swings as they do interest rates.

In fact the interest rates
are more the result of the bond trades than the cause, you have
trillons of dollars being swaped and no one minding the store.
They filp bonds after they flip the dollar one against the other,
no one thought rates would get so low last year, not one person
I know of predicted it, & when they get moving to extrems one way
they may go the other, so I'm not going to buy anyones prediction
and just wait and see.

I do know when crap like this starts
they dam sure have a chance of making 7% or even 8%..I'v seen
it happen and not all that long ago.
I sure won't predict it but nor will I rule it out.
Jim
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