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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (20379)2/18/1999 3:24:00 PM
From: Defrocked  Read Replies (4) of 86076
 
I think the indications are forming here. As
I've posted before, IMO this area of expectations
appears key. And if yesterday is the most
damage the bears can do with rates rising and
DELL dropping, bulls may take another run at it,
potentially using tomorrow's CPI as a springboard.
Tomorrow may help answer the question "Are stocks
basing or topping here?"

Bonds won't care about CPI. They'll be looking at
oil, gold and other commodities. Perversely, equities
could actually rally on higher oil and other commodities.
Bonds are an easier short than stocks IMHO.
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