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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (57078)	8/18/1999 4:14:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

MM, the Dow Jones Bond Average would be the best corporate tracker...it has high quality credits in it. i do believe we had some anticipatory flight-to-quality buying in the t-bond today. let me add that the relative strength of the bond vs. the SPX is now at the point where sizeable stock market corrections usually begin. it has something to do with not enough liquidity being available to support both markets at the same time...this relationship exists since July last year when bonds and stocks started to de-couple...