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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: studdog who wrote (10024)11/20/1997 4:03:00 AM
From: IQBAL LATIF  Respond to of 94695
 
For me these yields are not priced in the equity markets, I don't think that these yields are sustainable in face of strong economic numbers, however these yields will result in strong profits for me the market is now realising it- yesyterday move was cyclicals charging ahead with broad market lagging but we had the same combination in April 96 and what happened then, for me once full implications of these yields are priced we will see a market rally. DOW 8000 san be justified with yieldsat 6.20%, so markets are seriously lagging bonds may drop and eqities may rise as Japan crosses the 16,800 threshold.