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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (34232)	10/20/1998 2:17:00 PM
From: upanddown	Read Replies (2) \| Respond to of 132070

Mike, re JoeKernelBrain Would you believe this guy has a masters from MIT in molecular biology ! cnbc.com My guess would have been Podunk State with a triple major in beer-drinking, girl-chasing and hair-combing. You have to admit Joe does not flaunt his intelligence. <gg> John

To: Knighty Tin who wrote (34232)	10/20/1998 2:21:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Mike, bond market is reacting nicely to Fed rate cut. It is tanking. Down over 2% at the last check (yield up over 10 basis points.) Do you smell something here, as I do? Or this is just another "asset" shift form less speculative bond to highly speculative equities, as Joe BullShitglia would perhaps say? -g- How likely is a run on the US dollar, like the one on Canadian $ we saw this year? -------------- Well, that is what they are saying: <<U.S. Treasuries touch new lows, more fund sales U.S. Treasuries plumb new lows, more hedge fund selling seen. Big asset allocation trade out of bonds into stocks -traders. Dow briefly up 185, spurring Treas sales. Then pulls back. Liquidity situation said improving, still some price gaps. *Technicals blamed for steep dip, was long fall to support. >>