Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: P.Prazeres who wrote (41890)	7/18/1999 3:04:00 PM
From: Lucretius	Read Replies (2) of 94695

i disagree. central bank sales are priced in and then some. Plus the dollar is on a teeter-totter w/ no net under it. Long bond in yen suggests no bottom till at least 7% (UTY's H&S pattern confirms w/ a measured move to an equivalent of 7%). Remember.. foreigners own the majority of our debt and they have been sellers! the lack of a rally on last week's positive inflation data as well as Argentina collapsing further couldn't even get a bid under the bond. but I think the herd would agree with you, and in this mania... the herd is always right so who knows....

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