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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 695.49+0.4%Jan 27 4:00 PM EST

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To: stockycd who wrote (37236)1/12/2000 9:03:00 AM
From: Lee Lichterman III  Read Replies (1) of 99985
 
Long Bond just hit 6.7%, guess we better buy up QCOM, CSCO and other high PE stocks and up thier price targets. After all I figured out the relationship. See when the yield was 4.5, stocks were lower, then they raised the yield up 2 full point and the NASDAQ doubled so apparently the NASDAQ goes up the multiple of the amount that the yield points move up. If we can sell enough bonds to get the yield up another full point, we can triple the NASDAQ this year. <ggg>

Good Luck,

Lee
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