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To: WWS who wrote (43571)4/30/1999 9:24:00 AM
From: John Doyle  Read Replies (1) | Respond to of 95453
 
To All:

I have been a member of SI since the beginning. I normally just read the various post's. Of all the sites on SI, I believe this to be the most informative----up to now. These personal attacks must stop. We are a very special group in a very special sector. Sometime over the next 12 to 18 months I would hope we all get together for a drink down here in my home state of Florida. Let's work together.



To: WWS who wrote (43571)4/30/1999 10:27:00 AM
From: Crimson Ghost  Respond to of 95453
 
The conventional wisdom on the Street is that the Fed now is operating under a new paradigm -- let the economy rip until inflationary pressures pick up substantially. No more pre-emptive strikes against inflation. And the bond market provides the best warning signal in this regard.

As a consequence I don't think there is much chance of a Fed tightening until bond yields approach 6%. Probably a few months off IMHO.

OSX down a bit this morning, probably reflecting that broker downgrade. 85 still looks like a pretty good bet, but if we do not break out decisively by early next week, a more serious reaction could well develop as projected by Gary Burton.