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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Doo who wrote (35346)12/17/1999 10:42:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 99985
 
Interest rate projections by Charles Peabody

"In recent days the interest rate environment
has turned noticeably hostile, as reflected
in the 6.1% yield on the two-year Treasury
note. However, even at that yield, the
marketplace is showing a certain level of
complacency with respect to future Fed
monetary policy.....

In fact, once we get past the Y2K fears, I
would not be surprised to see a rather dramatic
rise in rates in the first half of 2000 ? which
could put quite a severe strain on debt service
capabilities. Thus, I continue to forecast
deterioration in credit quality next year."



To: Doo who wrote (35346)12/17/1999 10:48:00 AM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
More importantly, the Fed did another repo and yet another coupon pass today...new records across the board are thus assured. armed with this knowledge, there is no need to look at other technical indicators. you can just as well go ahead and buy anything with a p/e exceeding 100.