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Politics : Idea Of The Day

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To: J.T. who wrote (16336)	1/13/1998 8:09:00 PM
From: Lee	Read Replies (1) of 50167

JT, March Bond down ^11 to 123^6 in Project A Session, Dollar down, Yen up, maybe this is the beginning of the long awaited rate correction. Will wait until a break of 122^27 to buy puts though. Inflation news tame, CPI up 0.1%, core up 0.2%, but yr/yr inflation at 1.7%. Good numbers for CPI but the grain markets (CRB) took off today on new demand. So don't let anybody try to sell any deflation arguments yet. SP8H up 1.5 also. Thanks for your reply last night. Happy news for INTC earnings. Lee

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