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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (4539)	2/25/1999 2:40:00 PM
From: IVAN1	Respond to of 17183

Bonds goin down Hi JDN. Know you from TAVA. anyhow, another factor might be y2k panic. As people get scared and want quality they go to bonds pushing yield down. Best, ivan 1

To: JDN who wrote (4539)	2/25/1999 3:37:00 PM
From: JRI	Read Replies (1) \| Respond to of 17183

OT Right now, the bond market is under pressure because the Japanese are still repatriating money going into the end of their fiscal year (March 31)...This will be over as of April 1.....Agreed, that money flows will start reversing soon... Also, worse-case inflation scenarios are already being priced into the market, IMO...the data would have to worsen significantly for the bond market to go from 5.45-6.00.. Aint no way the Fed is going to hike in the near-term....Greenspan's jawboning did the trick.... Real interest rates are still very high here...I believe that the Fed's own inflation forecast for 1999 was somewhere around 2.0-2.5...and we are running at a run rate closer to 1.5% p.a...so still some room to play with....interesting how the 30-year has dropped significantly not on the report of some higher inflation, but on a couple monthly reports indicating that inflation COULD increase...yes, the impact has already been fully accounted for... Oil...commodities dead...Despite the low unemployment, wage gains still haven't outstripped productivity gains...but, given the nebelous nature of data in this area, folks are still concerned with every jobless claims number.... What is interesting is that no one here is talking about rates heading lower for year (almost everyone is assuming that they will go higher or stay the same)...Remind you of something? - Hint: spring, summer 1998....and we all know what happened.. Thanks for your comments...