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

To: Gersh Avery who wrote (26327)	9/3/1998 9:32:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 94695

I guess I see it more as the long term bond seeming the ultimate safe haven (which it is not, because of the near-certainty of inflation some time in the future--maybe 5-10 years). Also, over the past year bond buyers have done a lot better than the stock buyers, unless you got out last July. I did exytremely well for my wife between about last August and early this year with long term zero coupons--and would have done even better just to leave the position alone. So there may be some speculation in bonds as well. Anything that flattens or inverts the yield curve should be bad for stocks. I now doubt very much that the Fed would dare raise short term rates and get accused of a market crash. They can sit quietly on rates as they are, allow the money supply to decelerate or even contract, and let people blame the crash on foreigners.