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

To: MythMan who wrote (42607)	1/7/1999 6:49:00 PM
From: Lucretius	Respond to of 132070

no, I haven't. I think this rally could end at anytime in a blow-off type manner taking us to 7600-7800 before any type of bounce. But I think that in the very s-t, we can go higher and higher we will in the silliest manner possible (I thought it was silly before, but it will obviously get worse). Rising bond yields should cause the initial top, at which time bonds will likely be bought when stocks start selling off in the same type activity we observed this Summer, giving you a nice bounce in the bond mkt but not new highs. Then as stocks bounce the bond mkt will start selling off again until FINALLY they both crash together. Meanwhile gold will likely be moving up the whole time as the dollar falls. But by the time the real crash occurs, gold stocks will likely be at a huge premium to their usual gold multiple (speculation will leak over from tech and other mania stocks into gold stocks) and thus will get sold during the crash as well. that's how I see it, and how I have seen it. Tanking the bond mkt is the only way to tie Uncel Al's hands from printing more money if the financial mkts get on the ropes again.