Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Ahda who wrote (3682)	2/24/1999 9:24:00 PM
From: Hawkmoon	Read Replies (1) of 81092

Darleen, you make a great comparison. I'm not saying that the market isn't overdue for a correction, but it may still have some legs under it to carry it farther. The bonds were definitely what seemed to provoke the sell-off. It was being reported by CNBC during the last couple of hours. However, there is a lot of competition out there for bonds, especially with Japan posturing itself to become the biggest debtor nation in the world. Someone has to buy those bonds, so from time to time this spring you will see US bonds sink, then rise, then sink, then rise, all due to the Japanese offering debt issues and weakening their yen. It sure would be nice to see the A/D line creep upward. We will see a correction within 4-8 weeks should that indicator not broaden out, IMO. I would prefer a gradual decline in the Big Caps with some of that money heading to bonds and the rest heading to small caps which stand to do well this year as Y2K inventory ramp-up occurs. Regards, Ron

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