Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tommaso who wrote (13469)	1/26/1998 7:44:00 PM
From: Don S.Boller	Read Replies (1) \| Respond to of 18056

Ah Tommaso, Mi Amigo: Just A Difference of Opinion Here Course that makes horse racing work too. (Ihave been known to drop a bob or two on the bangtails <ggg>). Now let's look at some data.If you look at a LONG term chart of interest rates going back 200 years - you will note a massive head and shoulders top formation that is breaking to lower rates. Most bond bull markets last a quarter century or longer...this one has only been in place since 1981, some 17 years. It could go another 5 to 10 years... If you will look at a chart of bond prices (Treasuries) going back to 1987 - you will see a massive ascending triangle In early January the bonds broke out above the '93 and '96 highs! Taking the futures above 123. Yields on the long bond have broken below (the "magic" 6%....you're not old enogh to remember theMagic Fives...but I am). On a tech basis - based on this ascending triangle - the bonds could go to 150 or more........But as I say, what do I know of such things. Best, Don (p.s. We ALL KNOW that the bond market literally DWARFS the stock market in term of $$$ involved. WADR