The SP Futures(March Contract) & Cash Index & the Long Bond -- they get leaks and they discount the future before we know about it.

Right now the Long Bond is at a near 3 year low and the SP Cash & Futures are dropping.

Wave

-- Wave (eades1@flashcom.net), January 03, 2000

Answers

You are wise young Jedi..... the inside always turns before the outside. That is where the market energy, direction, and momentum originate. May the force be with you.

-- Darth V. (jedi@ob1.com), January 03, 2000.

For those unfamiliar with the turf, the long bond rate is considered to be the most accurate predictor of world wide economic sentiment, since it cannot be tweaked like the overnight and Fed funds rate. This is a resounding wheeze of insecurity to those who CAN think past the next infomercial from Wall Street. The saviest players on the world financial markets are saying We dont think its now such a good plan to be in the dollar markets.

BTW ...and this is on top of the euphoria of the non-event of Y2K. Wait till they sit down and crunch the numbers on how much has been pumped into the system to keep it floating serenely aloft.

Keep pedaling, I think I hear a leak...

-- Frank Lee ( I dont give a damn) (ibuy@halfoff.com), January 03, 2000.

Ooooohhhhhh!!!! I'm really scared now-I better rush right out and buy a generator. Hope they still take dollars-don't have that much toilet paper and duct tape.

-- Andy Kaufman (AndyKaufman@heaven.com), January 03, 2000.

Andy------

The movie Bombed ! sorry!

-- d..... (dciinc@aol.com), January 03, 2000.

Considering whether it was prudent to get out of the market when I did--YES, it was. It was prudent to avoid a time that was potentially turbulent.

-- Mara (MaraWayne@aol.com), January 03, 2000.

The non-event caused companies to spend lots of bucks on new hardware and software which wouldn't have ordinarilly been done. This stuff will have to be worked off in the next few years which should dent the New Economy. There is more upside in the damaged stock markets of the far east than in the US. I think one of the biggest reasons the NASDAQ ran up like it did was fear and then momentum.

Now that we are experiencing y2k-non-event, the whoosh you hear will be the air being let out of the market. Bond yields are leading the way. The dollar has been supported by Japan, the Fed and the fact that the US equity market was a safe place to be. None of these are real support and they are all going to leave. Alan must know by now that he is goig to have to raise rates to support the dollar, not by hurting gold.

-- William R. Sullivan (wrs@wham.com), January 03, 2000.