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To: Mike M who wrote (42326)	2/25/1999 2:20:00 AM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

lease note that the bond movement today is becoming problematic to the equity market....and while nothing is written in stone right now, any continuation of this bond movement will undermine the argument for stocks. This rotational correction argument is well worn...and did not hold up in July/Oct.... I am not negative on the year just on the next 2-3 months...<< I'm more towards a cautious stance between neutral and bullish. Neutral on general market(NYSE) and bullish on leading stock averages. I think we'll continue to see divergent price action between breath and leading market stocks and a lot of continued group rotation. The Dow now has good support at 9100 level and should provide a strong base there. Despite poor breath figures i believe the market will go higher. And bonds were jittery because of Ag's appointment with congress but nothing came out that the market didn't already know. The 30 yr. will likely remain flat, trading between 5.00 and 5.75 percent looks likely over the interm. Again Mike i think this is looking like a stock pickers market choose and buy them wisely... good luck.