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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Techie who wrote (9690)	11/15/1996 1:25:00 AM
From: j g cordes	of 69791

Techie, I feel interest rates are going to take a pause or bounce a little from about where we are. If they continue to go down, then 6.32 or so is next target, then 6.2% low for Xmas/Jan. The problem is seeing where inflation might come from. Its easy to see it the other way. Lets say we have a winter of poor consumer interest, increasing unemployment, and low commodity pressures we could go to 5.8% before spring. I think we'll be rolling slowly out of financial stocks into transportations and techs, start seeing some expansion in the spring if not before, which will stall or reverse rates. Foreign rates and government spending needs haven't started to fall particularly, another factor, because we compete to finance our debt. You sure ask tough questions! Jim P.S. What will the book to bill ratio be next month? No fudging :~)

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