|
PureBytes Links
Trading Reference Links
|
I believe that the US$ is a major key to the puzzle. One needs to keep
in mind that both bonds and currencies are generally long trending
animals requiring significant time for a change in both trend and
psychology to take place. I would expect many disconnects over next
months if the US$, a huge percentage of the world's currency, is indeed
in a topping process.
Earl
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 05, 2000 5:20 PM
Subject: [RT] Bonds Rally and the S&P500 Doesn't,....a "Disconnect" ?
> Hello All,...
>
> As part of my normal thought process,..I watch how different financial
> markets inter-relate....the John Murphy "Inter-Market Analysis" thing.
Today
> was interesting as Bonds rallied,..on expectations of a slower
economy,...yet
> Financials (Banks) were hit hard,..and the US Dollar was weak.
Normally Bonds
> and the Dollar going in different directions are enough to make me
wonder
> what's up,...but on top of that,...the S&P500 was down today (thanks
to the
> Financials) with bonds rallying,....somewhere there is a
"disconnect",..one
> of these markets is wrong. I would appreciate the toughts of others on
this
> subject,..in the past when such divergences have occured,..how have
they been
> resolved. My own thought is that Bonds rallying eventually will be a
positive
> for Stocks,..and that today's setback in stocks was overdone. Thanks
in
> advance,..and a good evening to all.
>
> Regards, JIM P.
>
>
>
>
>
>
>
|