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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (32270)	1/6/1998 6:16:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Morning Don.. its hard to separate the Santa Claus rally and the January effect, lets call it the same thing and 4.3% is substantial by historical standards... I think Hirsh says something like avg of 2%. So lets just say we can put the Jan/Claus rally behind us and look forward from where we now stand. Japan didn't hold its ground last night. The bank sector is still IMO not being forthright in its losses with Asian and SKorean investments. This could further support our bond prices. Once we're under 6.75% long treasury, its new territory without any historical technicals to play with.. you know what that means. Would sure like to have an accurate account of how much money is moving into funds. That number comes out on Thursday and if no one else is watching it I'll certainly be... its assumed continuing strength is what's underpinning these high pe's. Jim