From Johannes.Schneider at gmx.net Fri Nov 5 04:04:42 1999
Dennis R Redmond wrote:
Well, it's official: the ECB raised short-term interest
rates to 3%, (snip...) things could get very, *very* ugly
on Wall Street over the next few weeks. The EU credit
spigot is being slowly tightened, which is bad news for
be-bubbled overseas debtors like the US.
yesterday NASDAQ closed on an all time high. The German
DAX closed on a record high for this year. What do you
(or others) make of this?
Plus, unemployment in the US was announced to be at a 29 year low (and jobs growth resumed), so the US bond market rallied and NASDAQ pushes to new heights on heavy volume.
What's Europe?
/jordan