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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (12702)10/24/1997 12:08:00 PM
From: Mark  Read Replies (3) of 50167
 
Iqbal, Mohan re: What do these roadsigns tell us?

Normally I'd say the bell.w. 30 yr bonds are looking great as an
indication of better days to come for equities with yields marching
steadily to the 6% level. Commodities levels don't seem to be able to
get closer to the CRB 260-280 danger range which would pressure bonds
in the other direction. Sox really sox though & I suppose Donald might
say it was diverging and will come back with a vengence especially
with bonds leading the way. Iqbal, how long do you suppose it will
take for equities to follow the smart bond money?

Mohan, your contributions are very valuable & I wonder what your radar
is telling you & how you interpret the strong bond/weak equity
paradox?

CBOT 30 yr bond
97Dec 98Mar 98Jun
High 11702 11623 11609
Low 11527 11520 11531
Last3 11624 11616 11605a
Last2 11623 11615 11604a
Last1 11624 11614 11603a
N Chg 14+ 14+ 14+

30-Year Bond 11:54AM 62.72 -0.48 -0.76%

CRB Futures 11:54AM 243.40 -0.29 -0.12%

Phil Semi 11:54AM 306.14 -26.72 -8.03%

Respectfully,

mark
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