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

To: Al Serrao who wrote (26401)	5/21/1999 11:01:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

I was surprised yesterday that when minutes of last Fed meeting came out we did not see a rally, the bias was neutral where as market expected a tightening bias (me included who expected a prick of the bubble) , the bond trade is working alright since Euro has hit new lows against the $ if 105.50 is taken out on Euro we might see 102.50, with $ bid and interest rate worries on back burner after yesterday minutes some movement on positive note can be expected.. The numbers in Germany and Euroland today were just not good enough, the big move in economy is not materialising, those of you surprised to see the bond should well know that bond is now going to make a move, the slow down in second largest segment of Global economy will definitely bring the expected opinions on inflation creeping up under control, if bonds are to be believed we may after some test of 2520 area definitely see some interest in the makrets, for me 632 on DOT on the up and 2555 on Comp is a good sign to go selective long.. If 2515 and 615 is taken out I will like to short the market from 1328 to god 20 points in my opinion..