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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (1993)	6/10/1999 3:20:00 PM
From: accountclosed	Read Replies (2) \| Respond to of 63513

John Pitera. I know you I think. Haven't our paths crossed somewhere else on si? <g>

To: John Pitera who wrote (1993)	6/10/1999 11:57:00 PM
From: Ms. X	Respond to of 63513

I think it is elementary at this point. The market has the rates priced in but I do think 50 basis points would raise an eyebrow or two and create some more bearish sentiment. A raise of 25 should be taken in stride. The DJIA and NAS are still well above their April lows and the indicators are holding steady. Unless the NYSE BP turns negative, I see a sideways market with best performances coming from over sold but reversed positive sectors. The rally in the net stocks hasn't sparkled like the past but we must be realistic. They are creating for the most part higher bottoms and holding support. The sector has reversed up so positive things have happened. I think our perception of the nets and what we consider a "rally" is off given their past performances. The fact is they have firmed up. Now, if the sector reverses and support starts to break I'll have to revise my opinion. How do I feel about bonds? I don't know. How do they feel about me? <gg> I don't know much about them. I would think that if the DJBB reversed up from low levels and certainly if it created a buy signal, it would be a good time to enter bonds. Though, Tommy did talk some days ago about some bonds that would work in this market climate. You may ask him over at the PnF thread what he thinks of them and what might work now. Take care, Jan I am