Ask Mohan about the Market Message Board

STOCKTALK

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.

Pastimes : Ask Mohan about the Market

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cynic 2005 who wrote (11931)	12/19/1997 7:00:00 PM
From: Defrocked	Read Replies (4) of 18056

The following is in no order of importance but are all reasons I will remain bearish stocks.FWIW. "Weaker demand for Canadian commodities and the C$'s needed to pay for them have helped send the currency down." Bloomberg Dec.19 12:57EST Grains and most commodities are lower. Japanese yen lower against US$ despite huge intervention on Tuesday night. Nikkei nearing yearly low, portends additional bankruptcies in financial and non-financial sectors. Keep sights on mainland China stocks and liquidity needs. Real selling occurred this morning, the Dec. expiration had small buy impluses that led to short covering rally and dipsterism. As is typical of expirations, Monday could see a reversal of 200 pt. rally off lows with return of selling. One huge pension fund is implementing asset allocation through Spoo sales and T-bond futures purchases. Indicates some major money is beginning to leave stocks. Yield curve flattened dramatically today sending the 10Yr/3Mo. Spread to 36 bps---the lowest since the fall of '89, a harbinger of the 90/91 recession. See previous post: Message 3011081

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next