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To: Defrocked who wrote (47370)	6/16/1999 8:56:00 AM
From: accountclosed	Respond to of 86076

it's merely a flesh wound <g>

To: Defrocked who wrote (47370)	6/17/1999 12:19:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 86076

I've been stopped out on bonds. Can't believe AG said the Fed "never" plans a series of rate changes. I guess they "hope" rather than "plan" for the future. No major US news now until Jun 30 ChiNAPM. FOMC outcome now discounted and 25 bps up appears for sure. The bad news may come from overseas next then as Europe and Asian grow. I will sell a further rally into the FOMC meeting. Bond bulls may take this to 5.95 or 5.90 before they're sated. Stocks are telling me more than one hike will be needed. Everywhere I go I see price pressures,e.g. housing, and lots of economic activity.