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

To: bearshark who wrote (30889)	10/8/1998 3:27:00 PM
From: GROUND ZERO™	Respond to of 94695

bearshark, I've heard that hedge funds might have been undoing their bond positions. That's exactly what I did earlier today myself. The long bonds may have already anticipated several rate cuts and the market is way overbought, the chart goes straight up. I was getting dizzy and waiting for a sell signal. But that doesn't really answer your question. I think the yield curve may widen a bit and bond holders might see better opportunity in the equities now that the equities collapsed like they did. Besides, it's easier to predict a recession for the next few quarters than for the next 30 years. These bonds could quickly sell off if these markets find a bottom. Who knows? I'll stay short the bonds but not short the SP. I'll just wait for the next buy signal and then pick up some SP's. GZ