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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Bryan who wrote (16059)	9/13/2001 9:16:13 AM
From: 2MAR$	Respond to of 208838

IMPORTANT ANNOUNCEMENT: BOND & STOCK MARKET SCHEDULES! Investors and traders alike anxiously await for trading to get underway here in the U.S., but stock traders will have to wait until Friday or Monday. Subscribers that have been reading our commentary for the past year have learned how to read the bond market and they'll get their chance to put their knowledge and technical analysis to the test. While stock will not trade, the bond market will be open for trading. Early analysis..... It may now be time for Jeff Bailey to eat some crow as it relates to bond YIELDS, but I'm willing to do just that should we get a good showing from the bond market tomorrow. Near-term I will have to change my tune regarding the direction of bond YIELDS as it relates to stocks (only due to recent terrorist attacks). Under past market conditions, I felt that equity bulls wanted to see YIELDS rise as a sign that market participants were willing to relinquish their grip on the perceived safety of U.S. Treasuries and rotate that money into bonds. Considering recent events, a lower bond YIELD near-term may become a VERY GOOD sign for stocks indeed. Here's why. U.S. Bond Market Peter Fisher, chairman of the New York Stock Exchange, said that trading in government bonds will open Thursday at 8:00 a.m. EST. A strong performance by the U.S. Treasury bond market tomorrow (seen as lower YIELDS caused by buying of bonds) may very well be a sign that investor confidence from around the world remains strong toward the United States. Let's face it. Anywhere in the world where there is a TV or radio, everyone knows what took place on Tuesday here in the United States of America. A vote of confidence that the United States will overcome could be a strong showing from the bond market. The YIELDS we watch on an hourly basis are the 30-year ($TYX.X), 10-year ($TNX.X) and 5-year ($FVX.X). Today the U.S. dollar held up well against most foreign currencies and I'd expect the bond market to be steady. A vote of confidence toward the US Treasury market may help investor perception toward stocks when they are eventually open for trading. Tomorrow's action in the U.S. Treasury market may be the WORLD'S first chance to truly "speak" towards its confidence in the United States and its perception of the United States as a beacon of world leadership. Stocks Richard Grasso, chairman of the New York Stock Exchange, said late Wednesday that equity trading will most likely resume on Friday, or as late as Monday. Many analysts are already talking about the possibility of a stock market decline when stock trading resumes (fear factor), but many expect stocks to firm soon after as investors and monetary authorities here in the U.S. and abroad express their confidence in the U.S. economy, its companies and its currency. from PreInv