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To: Boplicity who wrote (46068)10/25/1999 5:41:00 PM
From: Voltaire  Read Replies (3) | Respond to of 152472
 
Right and Wrong,

right about rates but wrong on the dynamic. Most people just assume bond yield etc. on a micro level tend float like little Angels at their own volition. Anything on a micro level the Houses can control. People forget that Houses buy and sell bonds. They know exactly what the scare-dees are watching. I wish everyone would write down all of these little things that tend to worry everybody and watch how insignificant they are when the Jan. effect takes over, trust me, none of it will matter. It is all about the Calendar and TIME, that is why the next ten days or so, are THE LOST DAYS! As for no-meaning, the FED could raise interest rates by 50 basis points tomorrow and you still better get on board come Thanksgiving. There is no meaning to any of this crap at this time of year. Just one little piece in the puzzle of bringing the old market back.

Selah,

Voltaire