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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (10902)	12/11/1997 10:24:00 AM
From: Tommaso	Read Replies (2) of 18056

Flight to quality: the long bond touched 6 %. The short component of BEARX is up 2% already, with many issues down 5-10%. All it will take is about two weeks and a thousand points lower on the Dow to set off really huge switching into money market funds. Or so I think. As we all know, such guesses have been proved premature over and over.

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