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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (232)	6/27/1999 10:17:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 19219

Les, Yardeni also predicts that the Fed will be forced to take back whatever tightenig moves it institutes until the august meeting, as financial assets collapse under the twin weight of higher rates and mounting Y2K fears. if true, this should ultimately benefit treasury bonds nicely. whether the stock market will be able to repeat the stunning turnaround it had after the last financial crisis is another matter. when the japanese bubble burst, easings by the BOJ only brought temporary relief and 'sucker's rallies'. investors were misled by the ease with which the nikkei rebounded after the '87 crash, during which it was the best performing market. they thought it would happen again and bought into the false rallies. regards, hb