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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (4536)	1/1/1998 5:46:00 PM
From: Claud B	Respond to of 42787

Bob, A couple of points: 1. When Charles Dow developed the "Averages," Railroads dominated the Transportation Averages. In my opinion, that correlation you refer to does not apply to this generation. Airlines and Truckers now primarily compose this average. Airlines move in sync with crude oil prices. Don't think there was much crude oil used to drive railroads. So I think using his old theories just doesn't work today. 2. Regarding Bond yields....I'll give you my own prediction... not that you or anyone else asked. I expect long term treasuries to trade in the 5 to 5 1/4% range in the first half of '98. And it's not just because of the Asian contagion. There's another ugly word out there called "deflation." Let's watch and listen. Your thoughts are always appreciated. Claud