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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (861)8/4/1999 11:06:00 PM
From: j g cordes  Read Replies (2) | Respond to of 1316
 
We've been getting nice rallies in the morning which derail in the afternoon. A lot is riding on the bond holding, it will be the trigger one way or the other.

I've been through a couple of these sea changes in thinking. Once bonds or the market get a measure of faith that there's a change in direction, it becomes self fulfilling. I feel the Fed, by tightening a 1/4 pt, actually signaled its ok for prices/wages to start inching up. By running before the Elephant charges, one invites the Elephant to charge.