Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (17175)	4/24/1998 10:03:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Bill; Re> biz.yahoo.com there is one sentence in it that is worded backwards ( Journalist often get things twisted in their mind ) a reader needs to stay aware that most Journalist are not market experts and can trip over or commit blunders when they make comments..sometimes the words come out backwards..but if you look at the whole context you can see what he meant to say. Re> At about 0825 EDT/1225 GMT, the bond's price stood 6/32 lower at 101-25/32 to yield 6.00 percent. But prices retreated slightly, trimming the yield. that he got backwards... "prices bounced slightly trimming the yield.." the yield goes to opposite way the price goes. Still we hit that 6% for a moment..and with the more recent higher P/Es of stocks we can't go back to any 7% without a very serious correction. I'm thinking any break on the upside of 6% is going to get a lot of attention. Jim

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