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Technology Stocks : Stock Swap
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To: Trader X who wrote (14459)6/16/1998 11:53:00 AM
From: Patrick Slevin  Read Replies (2) of 17305
 
We were speaking of this current bond/stock relationship a week or two ago, as I recall.

With the bond off 16 ticks the market...at least the futures I haven't looked anywhere else except the banks....has been rallying but struggling.

I think however, that this short term perception by the market that a weaker bond is better for stocks is going to bring stocks down as the day/week goes on. Of course, the bond may stiffen up a bit as well.
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