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To: HammerHead who wrote (31935)	3/4/1998 8:00:00 AM
From: Lee	Respond to of 176388

Robert, ..Re:<<I heard the last-minute rally in the market was reacting to AG's comments at Senate Foreign Operations subcommittee>> Thanks for the news article about Greenspan's remarks. It's true that the March S&P rallied from 1050 to 1055 in the last few minutes yesterday but the bond futures had closed at 3. In the last few minutes of bond futures trading, the interest rate started back up from 6.034% to close at 6.058%. In overnight Globex trading, June bonds are down 9 ticks this morning. So it's possible that the stock market can continue de-coupled from the bond market as the Dow has for the last five days. We just hope the Naz catches up and catches on. Also, during March, the Japanese repatriate assets, so bonds have other pressures besides the strong economy. Regards, Lee