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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (8572)2/16/1999 12:45:00 PM
From: LastShadow  Read Replies (2) of 43080
 
I have to agree with Sue, its more likely that the rates will stay the same than go up. With little inflationary pressure, and delicate international monetary situation, I doubt Greenspan would consider raising interest rates anytime soon. The bond market is the touchy thing right now. Rates have moved up to the 5.4+% level, and although Japan says its pulling some funds out to reinvest in itself, thats still a half-baked answer to their problems, and they couldn't pull out much without undermining their own bond market, which are shored by US $ and German marks.

I just don't see any one thing out there to move the market up or down. And I don't think it will be one thing. Maybe the small and mid caps will start to move again, which could make for some interesting trading. What will be interesting will be the reaction to whatever DELL posts tonight. I'm sure they will meet or beat estimates, but its the forward looking picture we nned to see how the market reacts to. They haven't been doing the merger deals like CPQ or market realignment of HWP. GTW is sort of a non-issue in the game right now, but DELL needs to do something different than just sell PC's if they are going to continue rolling one profitable quarter after the next.

ls
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