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

To: Joan Osland Graffius who wrote (10922)	12/11/1997 11:54:00 AM
From: Bonnie Bear	Read Replies (2) \| Respond to of 18056

Joan: re bonds: nobody knows. Greenspan doesn't know. Greenspan has spoken out positively about the need for retirees to get a better return on bonds, he has said that either the market will correct or he will do it by raising interest rates, it doesn't seem that the bond is sacred. If Asians sell their U.S. bonds and stocks, U.S. stocks will decline, U.S. workers will sell stocks and buy bonds (causing further decline in stock prices) and will support the bond demand. So maybe it won't change very much. Greenspan wanted pensions to buy the inflation-adjusted bonds but nobody wanted them with the stock market mania producing better returns. I, for one, have avoided bonds.