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

To: MythMan who wrote (61348)	9/12/1999 1:27:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

bonds likely collapse in the next couple days imo, if i were to guess, i'd say CPI marks the panic bottom, but who knows? tfc-charts.w2d.com

To: MythMan who wrote (61348)	9/12/1999 1:29:00 PM
From: yard_man	Respond to of 86076

I don't know -- three increases and the even the idiots will "get it" ... or at least that's my theory ... but we are far enough along it may not matter anyway the market will continue to raise them -- if there is no inflation in the numbers next time we can quit saying "fudge" and just call the numbers what they really are: lies. But with regard to interest rates, unless the Fed wants to appear really idiotic in hindsight they simply have to raise at the next opportunity ... circumstances have changed dramatically from last fall ... I know that's not an original thought, but it is still true ... Don't go out and buy a whole lot of puts now -- but if we are still at these levels in November or December I wouldn't be without some, and I've had a few go up in smoke this year, too. I like DJX puts from now on till the end of the year and gold ... Wait till MU goes above 100 (I really think it will go to 110+ if the Fed doesn't raise rates ... hey, I could be wrong, but I do think we'll get a 1/4 point raise in October -- look for more "testing" of the waters next week ... the Fed doesn't like to surprise the market except when it is falling). Next year we will be well below last October's low by a wide margin. No doubt in my mind ...