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

To: Crimson Ghost who wrote (37435)	1/14/2000 9:39:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

George, i basically agree with the theory that no truly meaningful bond rally can be expected as long as stocks continue their moonshot. however, i still stand by my view that a tradable short covering rally in bonds is on. note that the bond HAS been rallying since yesterday's morning lows. regards, hb

To: Crimson Ghost who wrote (37435)	1/14/2000 9:40:00 AM
From: Les H	Respond to of 99985

Bond rally was muted by the industrial output report INSTANT VIEW-U.S. Dec industrial output up 0.4 pct NEW YORK, Jan 14 (Reuters) - Following are comments from analysts and market experts after the U.S. Federal Reserve Board announced that industrial production rose 0.4 percent in December, the same gain as in November. The capacity utilization rate rose to 81.3 percent in December from 81.2 percent in November. Economists surveyed by Reuters predicted, on average, that industrial output would increase 0.4 percent last month while capacity utilization would be 81.1 percent. PHIL HILL, ECONOMIST, BRIEFING.COM, JACKSON, WY: ``This is stronger than expected, but mostly it's a utilities thing, and it's what we were looking for. We've seen weakness in the past couple months in that component. The only thing looking troublesome or at least bears watching is that the capacity utilization rate is on the rise. Not by much, but it does look like it might have hit bottom and is now heading up. Still, it's far below what's considered the inflationary threshold. The market didn't seem to care at all.' CHRISTOPHER LOW, CHIEF ECONOMIST, FIRST TENNESSEE CAPITAL MARKETS, NY: ``We have moderate growth in manufacturing. It's no inflation threat at all. This is the kind of growth that the Fed wouldn't mind having for manufacturing.'