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To: Defrocked who wrote (39519)5/7/1999 2:53:00 PM
From: Cynic 2005  Respond to of 86076
 
Def, I still remember one of your notes from late Oct or mid Nov. You said the bond markets will do the tightening job if the Feds don't. I am convinced about it and waiting for the d-day. As Bill Meehan sez - the question is at what yield levels the stock market gets spooked? Obviously 5.75 ain't enough. 6 percent? Isn't it is right around the corner?



To: Defrocked who wrote (39519)5/7/1999 3:12:00 PM
From: wlheatmoon  Respond to of 86076
 
new low on TBonds....great calll, def......let's see if anyone gives a rat's ass.....



To: Defrocked who wrote (39519)5/11/1999 10:13:00 AM
From: Defrocked  Read Replies (1) | Respond to of 86076
 
Yen/dollar trading is very interesting today. Over
the last six weeks, approximately, there has been a
large overhang of Japanese hedge selling and
repatriation around the 121 level. I think we break
through that ceiling soon and decisively as Japanese
exporters realize they can get 122 or higher if they
just wait a while. I'm only guessing, but have taken
a small stab at it with a short yen position today.