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

To: LABMAN who wrote (25669)	4/23/1999 12:37:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Labman Look at this magic post..<<The bond yields will soon head south as techs and broad market makes a lethal move in a forward direction..>> Iqbal Latif to +MARK C. (25546 ) From: +IQBAL LATIF Thursday, Apr 22 1999, 12:18AM ET Reply # of 25679 And markets did exactly that 10 hours later, this is forecasting from fundmentals, we at Idea are better to analyse and decide hours earlier.. <<New York, April 22 (Bloomberg)Top Financial News Thu, 22 Apr 1999, 8:41pm EDT -- U.S. bonds posted their worst loss in more than seven weeks as a stock market rally reduced demand for less-risky Treasury debt. ''The bond market's taking its cue from the stock market,'' said Scott Grannis, who helps manage about $50 billion at Western Asset Management in Pasadena, California. Grannis said the gains in stocks are another reflection of the economy's strength, though he sees growth slowing in the months ahead. +MARK C. (25546 ) From: +IQBAL LATIF Thursday, Apr 22 1999 12:18AM ET Reply # of 25679 The movement of big caps sometime is a mistakenly identitfied as rising inflationary expectations, when TECHS started correcting we saw rotation into big caps, however the market assumed this as signal that cyclicals are coming back in favor and as such treated this move as a internmediate step leading to higher intrerest rates, as you know we got this rally in DOW going as strong economy resulted in strong corporate profits, but it is also considered as down the road a recipe for higher Fed rats, but underlying yawning gap between capacity and out put indicates ( the most important yardstick one should have in face of breadown of Phillip curve) that we may have this non-inflationary new paradigm economy going until the output growth exceeds capacity growth, we have this 6 months margin, in them. Meanwhile, Fed worrried about 'asset inflation' in internets must have seen that 'asset bubble' (where gallons of ink has been spilled on out come for US economy if internets corrects) had a shrp haircut without any impact on the market, we still stayed above 10250 on DOW abd above 1300 on SPM. The bond yields will soon head south as techs and broad market makes a lethal move in a forward direction..