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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Ahda who wrote (1318)2/25/1999 2:10:00 PM
From: N  Read Replies (1) of 3536
 
Darleen, good...I was just thinking if you were to switch out of a portfolio with high expected returns, you would want another, that means bond prices would have to be a lot lower, and yields a lot higher than they are now to be attractive. So that means, we're stuck either with a belief and behavior consistent with a bubble or playing the volatility in derivatives.

Nancy
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