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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (10862)	12/22/1998 10:02:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Scott -- at one time the bonds and stocks moved in synch -- low interest rates were good for corporate profits which were good for stocks. With the flight to quality that we saw earlier this year, this relationship ceased -- at least for now. But realistically, an environment of high interest rates cannot be good for stocks on a longer term basis. But then, it seems unlikely that we are going to see a major spike in interest rates. My bond trade is doing great -- may be this is the start of a big move to the 123 level or so. I consider a move of 5-7 points, after getting a signal, to be a large move in the bonds. I went short at about the 130 level. I went short the yen this am