MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: donald sew who wrote (11803)	4/22/1999 2:04:00 PM
From: Daniel Joo	Read Replies (1) of 99985

IMO, market losing steam. Latin America bond issues and recent high quality corporate bond issues are yielding 9 to 10%. Not bad... IMO, money will flow out of US equities to Asia equity markets and these recent bond issues will absorb another large chunk. Interest rates are rising - oil prices holding firm - demand will increase with recovery of Asian economy. Dan

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