Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (43145)	8/24/1999 4:03:00 PM
From: pater tenebrarum	Respond to of 94695

well, the bears definitely can celebrate a major victory today: Dow closes down about 15 points! a mini crash of sorts....

To: Terry Whitman who wrote (43145)	8/24/1999 4:27:00 PM
From: B.REVERE	Read Replies (1) \| Respond to of 94695

Greenie may have to hike rates sooner than you think. His main concern has always been the bond market. With the dollar falling to 111.09 today against the yen, it nears the key support level of 110.65. Should it be breached, then the bond tanks as the Japanese reduce their bond holdings before their dollar/yen conversion evaporates. Japan holds thirty per cent of US treasuries, as they save and we don't. Spammie is between a rock and a hard place as he was last year when LTCM almost pricked this bubble. However, this time it's not so easy. Raise again and this well earned 50% retracement of this highly overpriced market will start on cue.