Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Shack who wrote (35852)	4/24/2000 11:31:00 AM
From: the Chief	Read Replies (3) of 62348

OTI'm watching the 30-yr bond much more than usual as it seems to be a lead indicator of which way the $$ is flowing short-term. If there really is that much cash sitting around, do you think the rise will be sharp or will they ease back into it? I used to be an avid believer in the 30yr bond, I no longer am. It used to reflect the migration from equities out, now it reflects very little, because we have become a society where we migrate out of one group of stocks (Nas) to another group of stocks (Dow) and then back again. Prior to this point the migration out of equities to the Long bond was paralleled with the value of Gold, which then supported the migration out of equities theory Nowadays the long bond and gold have very little to do with investor fear. They either go to cash, or a shortterm bond. Or, fall on the opposite exchange, for us Canucks its watching Oil/steel/etc stocks rise and teckies drop, or when sentiment shifts teckies rise and the Oils?steels etc falling. The fund managers and analysts have no interest in RIM comming down from a multiple of 200 to 10. What they want is for RIM and others to come down to 60 so they then can start pumping their own non-teckie stocks and force them to the same multiples as RIM and others. Their greatest bitch was no-one would consider a P/E of 200 for Petro-Canada, no matter how much they complained...so what to do???? "P*ss all over the teckies till they come down to a multiple that can be reached by the "old school" stocks. The rise will have to be controlled, otherwise some group of "dorks" that were not in the market in time will start spouting off about "retesting the lows". The rise will be; whip saw ...to stability stability to linear slow rise Remember, if earnings rise 25% over the next 2 quarters and the market remains flat....we just had another 25% correction without knowing it????? This is going to be an interesting summer<ggg> the Chief

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