SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Philip W. Dunton, Jr who wrote (2514)1/21/2000 4:14:00 PM
From: Ian@SI  Read Replies (1) of 3661
 
Phil,

Perhaps Murphy Morris should stick to TA and avoid any attempt to analyze fundamentals.

Yes, Commodity prices have recovered somewhat from the Oct 98 lows when the world economy was in the throes of the Asian Flu and Asian Contagion. At that time the outlook was for a major recession if not an out and out depression. Or did Murphy Morris forget where we came from.

The lows also coincided with the massive threat to the financial system by the LTCM fiasco. Or have we all forgotten about Long-Term Capital Management already.

Bond prices are falling because there's less demand than supply. Even the Japanese are selling some of their bond holdings to take advantage of their recovering economy.

When was the last time you felt an urgent need to own the long bond? As demand for these underperforming instruments falls, so does their price and yields go up. And if one were to believe that the message from the bond yield curve is completely normal and uninfluenced by extraneous factors, the inverted yield curve is a better predictor of a recession than inflation.

FWIW,
Ian.

P.S. Thanks for letting me know what Murphy Morris had to say. I think I'll drop his book from my reading list. ;-)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News