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To: Sam Sara who wrote (64935)	6/27/1999 9:07:00 PM
From: GST	Read Replies (2) \| Respond to of 164684

David -- Bond yields follow supply/demand for credit (both domestic and global) -- its complicated and tends to trade more on technicals because the credit markets are all kind of linked below the ground -- like a stand of trees having a common root system. The 'tightening bias' that people speak of is a good indicator. As long as the Fed has a 'tightening bias' bond yields tend to rise and stocks tend to go down -- that is if you want a trend indicator. Go to YHOO Finance and look at the bond yield in the upper right hand corner. Click on it a get a chart or two going back a few months and then a few years. We are in the middle of a tightening bias -- not good for nets especially with all these IPOs. If this shows signs of reversing, then nets will shoot up -- otherwise, well, have you looked at General Motors lately?