Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (37648)	4/30/1999 1:54:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

bank and broker poots look good to me.. but I already own some my MER's have been performing for a couple weeks now -g- CMB's are still a LONG way away form paydirt

To: MythMan who wrote (37648)	4/30/1999 2:29:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 86076

RE: "It appears that rates have broken out to the up side." Bonds(rates) will be impacted by how far and fast equities drop(if at all). I'm still looking for another point drop in bonds before next Friday's employment stats. That would take us to 5.75% Could see a great deal of volatility in bonds surrounding that number, easily one to two point gap-like moves in either direction as bidders emerge or dealers disgorge and possible Fed action or inaction is assessed. I'm long bond volatility here. Its increased 1.0% this week and could go to 10% by May 7. FWIW. To state the obvious, a strong employment number next Friday will further erode bonds and potentially be the catalyst for stock "profit-taking". Unemployment rate consensus is Apr. 4.2% vs. Mar. 4.2% and nonfarm expectations are currently 239K for Apr. vs. anemic 46k for March. March will be revised up IMHO and economists will likely be revising up Apr. guesses next week. BWDIK.