Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (21871)	7/19/1998 1:46:00 PM
From: Haim R. Branisteanu	Read Replies (4) of 94695

Price averages - OIL In May 1998 oil average price was $15 In June 1998 oil average price was $13.6 or 9% lower -> PPI was +0.1 In July 1998 oil average price is $14.2 and rising ? Saddam again rattles the cage US Long bond is at 5.74% (at support) v. 5.6% by end of June Now grains will kick in as the heath wave in the south is destroying lots of crops. England starts to fear unemployment again! and in the US, GM strike intensifies. Indonesia and Korea want more money, and the musical chair ritual is in full swing in Japan. Russia must rule by decree to cut the budget and raise taxes, to get their money from the IMF. Not exactly a democratic way of doing business. Potent mixture. Haim

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