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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (13120)	6/14/1998 8:49:00 AM
From: Amelia Carhartt	Read Replies (1) \| Respond to of 116798

Ahhaha: Forgive my simple mindedness. But, this stuff makes my head swim. It's like trying to get to the end of a circle. Aren't there really two interest rates? One the FOB has control of and one the market controls? The FOB can control the bank rate but the market control's the bond rate does it not? If I were Japan why wouldn't I hope for a further quick, sharp yen devaluation and then dump my bonds? True you would give up the higher interest but if they have any confidence in themselves at all the currency gain would outstrip the interest loss. Even if it took them a couple of years to reverse course. What keeps them from doing this? Of course if they do that bond rates will rise and the US stock market will crumble. At what point will Japan view investing in itself a better buy than US bonds? It seems to me, if and when that happens watch out below! Any thoughts and comments appreciated.

To: ahhaha who wrote (13120)	6/14/1998 12:14:00 PM
From: PaulM	Respond to of 116798

OK, Ahhaha, hornswaggled or not, thanks for the response. EOM.

To: ahhaha who wrote (13120)	6/14/1998 3:19:00 PM
From: John Mansfield	Read Replies (1) \| Respond to of 116798

'Bay Street Beat: Party to begin again in July By Sarah Edmonds TORONTO, June 14 (Reuters) - Investors who feared the party was over on North American equity exchanges after the recent reversal can start socking away the champagne for an early July celebration. A positive finish to a rollercoaster session on Friday, still-strong North American economic fundamentals and record low bond yields are all clues that a summer rally is close at hand, analysts predicted. ''We've had a good deal of damage done in the past few weeks and my sense tells me that we're close to being oversold,'' said Irwin Michael, a fund manager at ABC Funds. ... biz.yahoo.com