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Strategies & Market Trends : The Stock Market Bubble

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To: bobby beara who wrote (1246)	8/27/1998 7:23:00 PM
From: Yogi - Paul	Read Replies (2) of 3339

bb, <<We just broke out of a three week trading range, this isn't going to be over with a little 350 point sell-off, we need a circuit breaker trip like October.>> Sure wish I didn't agree with you. Fed "economists" aren't helping any-- biz.yahoo.com "''You might expect the sharp drop in interest rates to rebound relatively soon,'' said the official, who declined to be named. ''And you certainly wouldn't want the Fed to act on the monetary policy side to this brief episode in rates.'' A second senior Fed research official agreed the bond market was ''being buffeted by special factors'' and was ''influenced by financial turmoil abroad and flight-to-quality'' buying." Yogi

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