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To: Lucretius who wrote (61519)	9/13/1999 6:59:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Luc, none at all...we had yet again verbatim proclamations of the 'new era' on CNBC today, and the consensus as far as i can make out is that we'll get an expiration rally as usual, powered in part by CPI. note that it won't take much for the bond future to break to a new low...and all hell breaking loose with it. also look at Rydex ratios, both stocks and bonds. the stocks ratio seems to have made a bearish flag and the bond ratio betrays a lot of optimism - far more than the market vane data would indicate. sure, there is some trepidation on the fringes about CPI, i heard it said that at or below expectations would ignite a huge rally and a disappointment would lead to a sell-off (doesn't take a genius to figure that out, however). BUT: nobody seems unduly worried at this stage, trusting in benign 'core rate' data to keep the bubble bubbling.