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.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (57068)	8/7/1998 2:54:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 176387

Well I have news for them. That sell program isn't done yet. It just had the TICK at a minus 800 a minute ago. I think the afternoon may be one wave after another. I wish they would take those guys buttons away for a few days. <ggg>

To: Mohan Marette who wrote (57068)	8/7/1998 3:00:00 PM
From: Lee	Read Replies (1) \| Respond to of 176387

Hi Mohan,..Re:<<Dow peels back from highs, hit by sell program>> I've noticed over the past month or so that on many days there is a correlation between tyx (long bond rates) and SP8U. When tyx is declining, SP8U has also been declining; however, when tyx goes up, the S&P rallies. This has been closely correlated on many days and deviated on others. I've been meaning to dig up more data on this but it might have something to do with the narrowed spread between the overnight lending rate and the fed funds rate. When the spread narrows, don't the banks' profits also narrow? I keep thinking that one of these days, when I have lots of time, it would be interesting to check out the bank/insurance co. weighting of the S&P to see how strong that bias might really be. In other words, without a rate cut, there may be an equilibrium rate below which profitability for the banking, brokerage, insurance industry starts declining. Just a thought, Lee