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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5160)	5/15/1999 12:01:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Re:, the Fed, interest rates, bonds, etc.- more food for thought: lp-llc.com

To: Investor2 who wrote (5160)	5/15/1999 3:19:00 AM
From: marc ultra	Read Replies (4) \| Respond to of 15132

I2, I agree we are likely to see a bias toward tightening and with their supposed move toward being more open I suspect there's a good chance for the Fed to publicly announce this at the conclusion of the upcoming meeting unless of course they pull a shocker and raise rates, unlikely but no longer impossible. I find it interesting that a lot of influential strong bond bulls like Bill Gross of PIMCO have generally said over the last six months or so that the great secular bull market in bonds is over and I think the hope and expectation of many that long bond yields would be heading for the 4%-5% region over the year have now become a pipe dream barring some financial catastrophe. This great bull market in stocks has in large part followed this great bull market in bonds along with several years of accommodative money supply which also appears to have started to reverse. Maybe this bull market will correct a bit and go on to new highs but I think the outlook for the market has significantly deteriorated. By the way if Bob eventually goes to a sell signal I still expect to hear it leaked and announced on CNBC a couple of days before I get it in the mail since I seem to be getting it later than most. Marc

To: Investor2 who wrote (5160)	5/16/1999 11:21:00 PM
From: Hank Stamper	Read Replies (2) \| Respond to of 15132

"Yes, IMO, the bias will now be toward tightening." Yeah well, B. Flanigan said "no" to the same question this weekend. (Yep, I listened for a bit.) Ciao, David Todtman

To: Investor2 who wrote (5160)	5/17/1999 10:52:00 AM
From: Wally Mastroly	Respond to of 15132

Re: ..more on potential of FED bias toward tightening...: usatoday.com "..The big question facing policymakers at the meeting: Should they abandon their neutral rate stance and tilt future policy toward tighter credit? Such a shift would have a bigger impact on financial markets than in the past because the Fed will announce it immediately, rather than waiting to unveil it in the meeting's minutes, published six weeks later. Some say that argues against the Fed shifting its stance until it sees more evidence inflation is on the rise..."