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Politics : Idea Of The Day

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To: Daflye who wrote (26557)5/26/1999 1:33:00 PM
From: J.T.  Read Replies (2) of 50167
 
Daflye, welcome aboard. Mid-day Update. With DOW up 54 and IBM up 8 it equates to 36 DOW points while AXP will add up to the rest. Need to hold gains in here now. Also note, IBM splits 2 for 1 after the bell and everyone is trying to get in today last day pre-split. Also, long bond now down 1/2 point to yield 5.8%. I believe we are going back to 5.9% test one more time by end of next week. Net note, if major indices don't hold in here, anyone trades as of this morning should consider these long trades as hot potatoe. Do not marry and cut and run if majors start to deteriorate this afternoon. Also, keep an eye on long bond at close 3 est.with equity indices open last hour of trading til 4 est. If we are down 3/4 point long bond we may sell equities in last hour of trading. If yields hold 1/4 point we should hold equity gains today ,imo. OUT. J.T.

EDIT: I will not be back til late tonight. DOW is up 90 and market has held.
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