MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (411)	8/6/1999 10:41:00 AM
From: J.T.	Read Replies (1) of 19219

I mentioned this possible bond yield test back to 6.1% last night in MITA 411: "Frank, I agree with your assessment yields are going lower - back down to the 5.8% level for starters. The question becomes do we go back and test 6.1% one more time after tomorrow's numbers, or do bonds soar and get this 5.8% rather quickly within a week.?? Regardless, Bonds are a screaming buy right now if you simply look out the next 18 months and forget the daily whipsaws." I continue to believe bonds are a great buy at these levels. Mr. G has almost no choice but to raise one last 1/4 based on the parameters he set out. Nevertheless, I believe this is the last rate hike and I will keep moving money into bonds even if we move to a 6.25% yield. Fact is, core inflation is down. And while the money supply is picking up, the international banks are also tearing up money in the form of debt forgiveness to less developed countries all over the world-- Deflationary. The economy will slow down going into 2000 and beyond, imo. Best, J.T.

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