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To: voop who wrote (61580)1/11/2000 8:58:00 PM
From: Voltaire  Respond to of 152472
 
The disparity in the markets make it imperative before they lose control and there are signs the Houses are losing control. Like I have said before, the only time the retail investor is in control is either panic or over exuberance and we have come close to that more frequently lately and they will not tolerate this because they do not have to tolerate it. This is like no market they have ever seen. The Houses know that the bond folks have more fear and panic than any other group, next are your second tier houses, they use these weapons to execute. With no Fed. interference, I am not into bond yields or other numbers except WHEN? When the Houses want to use them and trust me, they will.

V