Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.32

-5.6%

Jan 30 9:30 AM EST

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To: Kumar Nathan who wrote (4795)	5/23/1997 12:18:00 AM
From: Kumar Nathan	of 70976

Hi Everybody: There is a clear divergence in the market. There is a cat and mouse game going on between Fed and Treasury. Current Dollar slide is more injurious to the economy and especially to stock market. My gut feeling is that Treasury will intervene tommorrow or on Monday in the currency market with an intention to stabilize Dollar & Bond Market. I strongly feel that this will happen. Because next week , I think Wednesday or Thursday there is Treasury Auction. Last Auction was disappointing. So unless Treasury intervenes and stabilize the situation, this auction will also be a disaster. We cannot afford any more disaster in bond yield especially when we are experiencing goldillocks economy. Therefore my hunch is tommorrow will be a good day for the market and the Treasury auction day will be a bad day. But the day after the auction will be an excellent day for the market because all the big houses will dump their bonds to its customers at a much better prices. Historically, the day after the bond auction day is a good day both at the bond market as well as to stock. Just sharing my observations. Correct me if I am wrong. Regards Kumar.

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