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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (6114)6/21/1999 4:35:00 PM
From: Wally Mastroly   of 15132
 
Re: ...Bob..mention of shortage of labor..

He did mention the shortage of labor - a couple of times - on Sat. (See the Sat. summary that Kirk linked in).

He also mentioned Sat. that last week's recovery in bond prices has contributed to the rally in stock prices. My recollection (from previous week?) is that, at the current stock valuations, lower (not stable) interest rates are needed to keep the bull going.

Assume he means 30-year bond when he refers to lower interest rates needed?

Today the bond market took back some of last week's rally. Yield back over 6% (to 6.027%).
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