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To: brian h who wrote (30508)5/21/1999 10:46:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
quick note on bond yields
30yr TBond yield is working downward, now under 5.8%
looking really weak on Relative Strength
peak of 5.94% a few days ago may stand for nearterm rate high
should be good for techs and other growth stocks

bondwatch, jim



To: brian h who wrote (30508)5/21/1999 11:59:00 AM
From: limtex  Read Replies (5) | Respond to of 152472
 
bh -

Well here we go again. Goodbye $100's it was nice knowing you.

Roughly 1.5%-2% drop per day for the NAZ. The death of 1,000 cuts and before you know it you get a really big one and your down 120 points on the day and there you are back where you started from or worse.

Still no excuses at all this time. We all saw $119 and if we're still in we have only ourselves to blame!!

Anyone got any ideas as to a bottom? $50 or below? One tiny piece of good news is I guess that the volume is light so maybe its just MM's trying to get people to buy? I hope so!

It'll all be OK when the next qtr earnings are announced or we hope it will be but then the NAZ might be back at 1,500? Investing is painfull at times.

Best regards,

L