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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (25199)	8/26/1998 8:36:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

What He said Re> external manipulation of yield curve by the so called smartest of the market need to self correct i.e. for the intellectual purity of the market and its longstanding reputation that any external events are washed out very soon. That was IMO well said, and can apply to stocks as well as bonds. ---------------------- Look how Ruben's intervention with the YEN washed out.. it takes more than intervention..it takes sound policy and a discipline to be effective over time. ----------------------- Right now bonds have de-coupled , and a new comfort zone is being sought, but the old saying don't fight the yield is true this will wash out, the rates we have at this point will send stocks higher ( not today ) but before it's over. The last zone was about 5.65 that was OK , 5.75 was to high for stocks, and 5.6 triggered buying ( if not right away within a few days ) this seems to have moved down, but you can bet this rate will trigger buying before long, and 5.6 or so may be the next top for a while. Jim