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Pastimes : Ask Mohan about the Market

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To: Mike M2 who wrote (13356)1/23/1998 1:20:00 PM
From: Crimson Ghost  Read Replies (1) of 18056
 
Bill: In the past many (myself included) have argued that the bond market would bomb when the Japanese stopped buying. Well they stopped some time ago, but the market blew off anyway when Asia tanked. One must look at all the factors influencing bond yields, not one or two.

With policymakers appaently committed to reflating Asian economies, currencies, and markets -- the environment for a major bond bull just isn't there anymore, whether or not some CBs continue to buy. In addition, the recent plunge in the dollar, surge in gold, and doubts about the Clinton Presidency do not augur well for bonds this year despite the current low inflation rate.

And yes I am the same George Cole who used to write for Gold Eagle.
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