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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	7/31/2003 2:43:27 PM
From: morokko65	of 209892

ask the risk of being clown bearish on the TNX: I think we go up 250 basis points from the low. having been in the mortgage side of the market in 93 & 99 run-ups. I think we see 5.5% to 5.9% on the TNX intermediate term, with the caveat that this is an opinion rather than a formal analysis. any e wave support or rebuttal of this "opinion" is welcome. Maybe the wheels are falling off the credit bubble. A lot of 3-5 year fixed, rolling to adjustable mortgages were made in the last 1-3 years.... plus all the 125% equity lines (virtually all adjustable rates) regards

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