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Politics : Idea Of The Day

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To: J.T. who wrote (26562)5/27/1999 12:31:00 PM
From: J.T.  Read Replies (4) of 50167
 
Bonds down 19 ticks to yield 5.84%. On its way to 5.9% interday test in next few days. Two big reports coming out next week for bonds and market: NAPM report on Tuesday and Emploment report on Friday. Overhang and downdraft until these #'s come out for bonds. On equities: Merrill analyst Steve Milonivich issued warning today for shrinking profits in computer industry... ala IBM et al. Major wirehouses are getting "agitated" with recent spew of downgrades, cautions and profit warning. This is picture of market that needs self-adjustment now IMHO. J.T.

Catch you later til later tonight.
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