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

To: Lee Lichterman III who wrote (35608)12/21/1999 2:59:00 PM
From: Cathedra  Respond to of 99985
 
<Bond traders don't look happy <gggg> 6.398 to 6.421 in about 3 minutes>

Now long bond yield is at 6.443% (+0.015%), a new 52-week high. Bond traders should be doubly unhappy because the Fed may be looking to them to do the Fed's job. If so, Mr. G's hope is misplaced, as the mania continues to rage in the stock market, with the NASDAQ Composite and NASDAQ 100 up 100 points.


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