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To: Tunica Albuginea who wrote (22824)6/17/1999 12:04:00 PM
From: DepyDog  Read Replies (1) | Respond to of 41369
 
Question yall, What effect will triple witchin tomorrow have, if any? Thanks for any info on that...p.s. Ah shore luv hangin out with yall..been kinda cramped under the porch. :-) regards, Dep



To: Tunica Albuginea who wrote (22824)6/17/1999 12:04:00 PM
From: Jenne  Respond to of 41369
 
Rates Make the DOT Dance
By James J. Cramer

6/17/99 11:52 AM ET


Remember what makes the DOT really dance -- interest rates. This whole decline in the group should serve as a clinic to newbie investors and traders alike: When the long bond goes up, the DOT rallies.

Sure, the supply problem remains with the DOT. And yes, no one knows if all of these DOT stocks will live to play a year or two from now.

But what matters, what really matters, is rates. As I write this, there is a screaming bond rally, probably motivated by people who are not in who are trying to get in. The spillover is in two places: the banks, which are ramping, and the Net, which is also on the rise.

Growth stocks ramp when rates go down. Super-growth stocks ramp even more. I thought the best article about this relationship was done by TheStreet.com, a George Mannes piece about how these are all zero-coupon bonds.

Sometimes we can't outthink this stuff. Relationships and patterns do hold. They cannot be ignored.