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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (23463)	2/12/1999 2:13:00 PM
From: Kona	Read Replies (1) \| Respond to of 50167

James, the yield on the 30yr bond has been rising at a pretty hefty clip the last couple of weeks. That's got to make some folks nervous.

To: James Strauss who wrote (23463)	2/12/1999 2:21:00 PM
From: wmwmw	Read Replies (1) \| Respond to of 50167

From the chart I see Dow transportation shortly broke 3100. I guess supports on major indices may not hold next Monday.

To: James Strauss who wrote (23463)	2/12/1999 2:40:00 PM
From: Judy	Read Replies (2) \| Respond to of 50167

Jim, the market responds to events for what they are worth. Clinton was a non-event and the market treated it as such. Yesterday's testimony by Greenspan on banking reform was viewed as a positive since it makes the whole financial industry more competitive, meaning more profitable in the long-term. Let's see how the markets close today ... and how it responds to Clinton's statement. So far the movement of stocks in general look normal for the clearing of strikes.