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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Jill who wrote (4502)1/16/2000 11:18:00 AM
From: Guy Gordon  Read Replies (1) | Respond to of 24042
 
RE ".25% priced into the bond market"

The next Fed move has become irrelevant. The bond yield is already higher than a .25% raise would push it, so their next move will have no effect.

The reason is that yields are going up because no one wants to own bonds anymore. With stocks performing so well, why should they? So bond yields have to go up to compete.

Some of the talking heads have figured this out, but most of them still miss it. Those are the ones who are telling you that the market is pricing in a .50% raise. They see interest rates going up, but they don't know why. It's lack of demand, not supply driving them.



To: Jill who wrote (4502)1/17/2000 12:48:00 PM
From: MileHigh  Respond to of 24042
 
Jill,

JDSU is now my biggest holding. Sold off a lot of my trading shares last week and have cash for the first time in quite a while.

Regards,

MileHigh