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

To: tekgk who wrote (10237)	12/5/1997 9:48:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 18056

tek, beats me. The jobs report is so strong that one has to expect a rate hike by the feds. I suppose the reaction in the bond market is natural. Also, today could be a good day for some big dumping from overseas investors who need cash. However, I am puzzled by the fact that as the bond market rout intensifies from +10.2 basis points to 12.1 bps, the S&P futures have recovered from -800 to -550. Weired! If you ask the anals, they will put a spin like this: "Equities are getting a lift from bond-market sell-off." -g- -Mohan PS: at 9:50, S&P futures recovered to -350. DOW is up 5 (recovered from -33) and Naz up a fraction (recovered from -4) and S&P is flat (recovered from -5) Bonds continue to be weak. LB rate up 11.2 bps!