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

To: Bonnie Bear who wrote (15119)	3/22/1998 10:37:00 PM
From: Don Westermeyer	Read Replies (2) \| Respond to of 18056

bonds may tank- it may hit the financials, as an increase in energy costs is inflationary.. I don't think this will happen, not for a while at least. Higher oil will be another slice into profits though. Higher oil is really, really bad news for Asia. I don't think anyone expected oil to recover so quickly. Before I party too much about high oil prices, it would be prudent to see how much staying power the OPEC deal really has. It will be interesting to see how bonds react. I'm in junk bonds right now betting that people will chase yield. I might have to re-think that a little now.