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Bullish or Bearish???
Capital is flowing feverishly out of the bond market in the anticipation of
another fed cut Nov 17. The general public is going to experience "rate
shock" and turn where? To the money market for a 3-3.5% yield that after
taxes leaves you dead in the water with inflation? To muni bonds with a
2-3% t-f yield? Possibly government securities for an astonishing 3% yield
(short term) or better yet, buy a 30 year bond @ a whopping 4% yield (post
fed cuts). Is this durable? Are you not subject to interest rate risk?
The answer ladies and gentlemen is obvious. EQUITY MARKETS. The probability
of stocks out performing bonds according to history is greater than 80%(this
figure is on the conservative side). Quit watching CNBC and use that thing
above your shoulders, not for a hat rack.
E.G.
-----Original Message-----
From: OkieDame@xxxxxxx <OkieDame@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, October 20, 1998 6:11 PM
Subject: Re: I knew Genesis Data was Good.
>And I have to wonder if it is really Welles....says who? The name line
said
>Van.
>
>In a message dated 10/20/98 7:22:39 PM Central Daylight Time,
>TQuinn211@xxxxxxx writes:
>
><< In a message dated 10/20/98 5:57:15 PM Eastern Daylight Time,
> neal@xxxxxxxxxxxxx writes:
>
> << distributing millions of bits of information. I doubt if any data
> >service will ever be prefect. >>
>
>
> I wonder if Wells spelled it that way to prove a point?
>
> Terry >>
>
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