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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Bearded One who wrote (8186)	11/16/1997 8:58:00 PM
From: Rational	Read Replies (1) \| Respond to of 18056

Only a talk of massive intervention and very little real sell-off of US Treas by Japanese. Japanese stocks have risen by 6% and yen is also becoming stronger (not much yet). But, the S&P futures are up, which means that we have not yet seen interest rate declines. Where can we find US interest rate futures? Euro$ futures are down, which indicates that the short rates will be up. I feel, the S&P futures prices will fall by the morning. But, the US market will not move much until Japanese Govt really gets into action, IMO. Sankar