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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: accountclosed who wrote (21762)2/25/1999 9:32:00 PM
From: John Pitera  Read Replies (1) of 86076
 
The fact that it is Friday is important because some of the street asset allocation and valuation models use weekly closing prices as
part of the quant models....Market should be a good short on close as
yields should be above 5.50. if we close above 5.60 in yield that is
a further negative.

Some of these models will do some shifting out of equities next week ...I don't think the dip happy public and true mega bull believers will care so tomorrow may not be real big ...sell-off, rally then sell off..and the close should be lower than the prices around 12 -2 PM.

BWTHDIK ;)
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