Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: The Duke of URL© who wrote (1493)	5/15/1999 12:34:00 PM
From: Mad2	Read Replies (1) of 3543

bonds drop, yeald rises and as AG points equities lag. Ableson aludes to the same issue in his column today "While caught by surprise on Friday, bonds actually have been nervously smelling trouble for a spell now. Frankly, it kind of puzzled us why the stock market seemed so unconcerned as bond yields began to flirt with 6%. Maybe day traders don't know from interest rates; ah, well, they're learning. We kind of doubt that the Fed will do anything mean on Tuesday. But Mr. Greenspan at least has a wonderful excuse to look solemn again. For a variety of reasons -- the undiminished buoyancy of our economy and the spores of recovery and revival shooting up around the world -- we've increasingly been taken by the notion that this most unusual bull market would end in the same old way, done in by rising rates. Last week did nothing to disabuse us of that notion." Just as stocks get oversold when bad news hits, equities get overbought.....The herd effect Best Regards, Mad2

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