Derivatives: Darth Vader's Revenge Message Board

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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Cymeed who wrote (804)	2/16/1999 4:08:00 PM
From: Worswick	Read Replies (3) of 2794

Quoth Wiliam Fleckenstein...."Trouble ahead for U.S. bonds... Looking at the bond market and the news out of Japan, I would say that we're definitely seeing some repatriation back to Japan. And if that's the case our bond market is in big, big trouble. Also, when you look at the conditions in the market, the action has been pretty bad and the leadership's been rather narrow. We couldn't rally on the Yahoo! (YHOO) split, Lycos (LCOS) went down on its takeunder and the bond market's in trouble. It appears to me that we're ready for a serious break in the market, even though it hasn't happened yet. Late in the day the U.S. announced that we're going to put steel anti-dumping quotas on Brazil and Japan, and I don't think that's a very good development at this point in the cycle. So all in all, the stock market continues to look like an accident waiting to happen, and the results today are pretty ominous. Best to you, Clark Tony

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