Double Bubble Trouble

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Fri Nov 5 09:26:44 PST 1999


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



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