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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (5050)1/10/1999 11:06:00 PM
From: Gersh Avery  Read Replies (1) of 11051
 
JY9H now at 9129 ..

Seems like such a short time ago that you noted that "they" were trying to keep it above 7600.

9129 .. 109.5 yen/dollar .. 80 is a lot closer now.

Something's gotta give. This whole thing seems wound up so tight ..

OK .. as the yen goes up money gets pulled out of bonds (alice carry)

as money leaves bonds the interest rates go up .. higher interest rates is not what the stock market likes to run on (lately, at least)

In addition, the lower bond prices look progressively more attractive to holders of high priced stocks.

euro adds more pressure to the situation. This market should head lower than during the summer.

Soooo .. since it seems to simple to me then there is only one thing for me to do ..

Find 15 credit cards and go out on margin on AMZN for every penny I can leverage <G>.

I think that they just raised the temperature of the water again. Kinda hard to tell when your setting in the nice warm bath though.

Gersh
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