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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: yard_man who wrote (18249)2/5/1999 11:03:00 AM
From: Defrocked  Read Replies (2) of 86076
 
The market is tightly wound here. Whenever stocks start
to selloff, bonds can't help themselves but to put a bid
back in. Even if economy is still strong, bonds are afraid
of an equity crater. Stocks,OTHO, haven't come to grips yet
with the fact the Fed must remove the punch bowl. The party
has ended IMHO but the new paradigmers are still hanging around
the refreshment table, all waiting for another refill. Soon,
soon they will slowly realize AG cannot bring out another
round because the bond and currency traders are holding him
hostage back in the kitchen.<g>
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