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Pastimes : The Big Picture - Economics and Investing -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (569)	9/30/1998 5:02:00 PM
From: Cage Rattler	Read Replies (1) \| Respond to of 686

GZ: The quiz has been graded; the long bonds slipping up from a low to 4.98% and gold up at 299.00 on Bloomberg. There is a strong positive correlation between S&P and interest rates in place, and LB support is shot. Most important -- Greenspan's short-term rate reduction did not have the positive effect predicted. At long last it now appears there is significant public doubt that he can significantly influence a world-wide deflationary cycle. Once again GZ you called Monday's rise and targeted the SPY shorting opportunity. Just check out the LB plot with A's P. All my money positioned for a significant bear move. Short-term bulls, perhaps. I'm tiring of taking our steaks in and out of the freezer! Ciao, Ted