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Commentaries — November 20, 1998

A “Bad” Bull Market With The Fed’s third easing in less than two months, stocks should do well (“don’t fight the Fed”). Bonds, however, many have problems. If stocks are roaring ahead, unleveraged money will not want to invest in bonds. This leaves bonds to the leveraged traders – again.

Open A “Bad” Bull Market
With The Fed’s third easing in less than two months, stocks should do well (“don’t fight the Fed”). Bonds, however, many have problems. If stocks are roaring ahead, unleveraged money will not want to invest in bonds. This leaves bonds to the leveraged traders – again.