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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (47203)	6/15/1999 2:39:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 86076

You might get your wish yet. If bonds close weak today and continue weak tomorrow, revisiting recent lows, equities will sell off into the weekend possibly until Monday. I am now short bonds again. Consensus is for .2% CPI tomorrow. But the real focus should be Starts and IP. I think bounces in bonds will be sold regardless. Bonds are demanding action from Fed. If CPI comes in .1% or lower, will hike be deferred? And if so equities and economy continue strong which will put additional pressure on rates. In any event, risk/reward seems good to me for going into tomorrow short bonds again. BIDKJS. <EDIT> I also just picked up some Jun OEX puts for a potential quick pop down between now and expiration Friday.