Wayne, how can the funds engage in a 'mark-up' this big, when their cash levels are near all time lows? i don't get it...
btw, the RYDEX ratio made a new all time low of 0,08 yesterday. no bears left.
in the meantime the yield curve has completely inverted, commercial and agency swap spreads are near panic levels, and the bubble just keeps on going...it's beyond belief.
btw, after the end of the quarter, Japanese money will return, so the bubble can keep going indefinitely it seems...
regards,
hb
PS: in case that shouldn't be enough, Al will just print some more... |
