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To: Zeev Hed who wrote (9181)11/24/1997 12:10:00 PM
From: Cynic 2005  Read Replies (3) | Respond to of 18056
 
To all, What does this tell you?

Today's new highs on the NYSE:
ALBERTSONS INC ---->Grocery
ALEXANDERS INC
ALLTEL CORP DEL ----->utility
AMERICAN ELEC PWR CO INC
ASSET INVESTORS CORP
BALTIMORE G & E CO ----->utility
BELLSOUTH CORP ----->utility
CARDINAL HEALTH INC
CARNIVAL CORP
CONSOLIDATED EDISON CO ----->utility
DEPOSIT GUARANTY CORP
DIAL CORP ------->Consumer essentials
DOLE FOOD CO INC ---------> Food
DUFF & PHELPS UTIL&CP BD ----->utility
F P L GROUP INC
FLORIDA PROGRESS CORP
FUND AMER ENTRPRS HLDGS
G & L REALTY CORP
GREAT ATLANTIC & PAC TEA----->Food
LONG ISLAND LIGHTING CO ----->utility
M C N CORP
MAPCO INC
MATTEL INC
MERRY LAND & INVT INC
MINNESOTA POWER & LT CO ----->utility
NABISCO HOLDINGS CL A ------>food
NEVADA POWER CO ----->utility
NICOR INC
NORTHERN STES PWR CO MN ----->utility
P G & E CORP HLDG CO
PIEDMONT NAT GAS CO N C ----->utility
PROTECTIVE LIFE CORP
PUERTO RICAN CEMENT CO IN
RHONE POULENC RORER INC ------>drugs
ROYAL BANK OF CANADA
SOFAMOR/DANEK GROUP INC
SYSCO CORP ----------->food
TOOTSIE ROLL INDS INC ---------->food (candy)
TRANSCANADA PPLINE LTD ----->utility
TRUE NORTH COMM INC
VODAFONE GROUP P L C ----->utility
W P S RES CORP HLDG CO
WESTCOAST ENERGY INC ----->utility



To: Zeev Hed who wrote (9181)11/25/1997 6:07:00 AM
From: Gabe Fernandez  Respond to of 18056
 
Zeev: Thanks that is also my future scenario i cannot see how the yen fails to drop but worried about the near term and the sale of bonds to dollars then repurchasing yen for internal use. Events in Japan last night seems to favor the drop in the yen in a gradual manner. Bonds are holding. At present i'm short the YEN and own March 30 yr bonds with a niece profit. Gabe