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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (60122)9/2/1999 11:05:00 AM
From: Defrocked  Read Replies (2) of 86076
 
You have been conditioned by the market and
are now completely jaded.<g> Do you drool like
PaperChase when stocks fall 1% intraday???<G>

Fed did nothing to demand in August other
than follow the market with a puny 25bp rise
that was already discounted and change the
window rate that no one uses. Speculative fever
is still live and well in stocks and real estate.
Bonds will see 6.5% or more by early November IMHO.

Any bounce in stocks will encourage a further bond
selloff as the main floor to long term debt is the
fear of stocks crashing. BWDIK.
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