bonds are in a world of their own... fed rates, flight to safety, flight to stocks, rate cut on time, rate cut on schedule, rate cut at the meeting, rate cut surprise, productivity with rising cost, productivity with lower output, napm 10-9-8 year lows, consumer's confident stores will sell old/new stock at way low bargain basement prices as an excuse for retail sales, refinancings meaningless if cash flow is impeded, regardless of the rate, corp debt still piling on cuz stoopid people will do anything for income, money markets unexamined...
bear market train of thought.
bottom line here. for most of the market.
the winner is, he who loses least! |
