Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (22697)	7/30/1998 9:14:00 AM
From: donald sew	Read Replies (1) of 94695

Jim, >>>>>>>This market has been living off the lower 30yr yield rate for too long to expect it to accept this 5.758 and rising <<<<<<< I posted on Tech Stock Option thread yesterday that the interest rates are in a smooth, slow uptrend. It had a HIGHER LOW a week ago or so and just yesterday it closed at 5.758% which was higher than the previous peak, so we now have a HIGHER HIGH. Of course it can change, for the now it is in a clear uptrend. If it continues the uptrend at this rate it should approach 6.0% by mid-AUG if not sooner. That should wake the market up a bit. I do agree with you that the rising interest rates will start to get noticed very soon, even before it hits 6.0%, but he main impact will be if and when it hits 6.0% since it is a very strong psychological barrier. Seeya

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