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Politics : Stockman Scott's Political Debate Porch

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To: 4figureau who wrote (4633)8/16/2002 11:52:58 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
more & more talk about Feds selling TBond futures at 4%

the move off 4% was electrified
Dow went from 8400 to 8800
but 10yr Trez yield has gone from 3.95% to 4.3% now
I believe the Fed is attempting to engineer a mass migration from Treasurys back into Stocks
that is how the Common Business Cycle has worked for years
but it is different this time, this is structural and ugly

I stick my earlier claim: 4% will be a PSYCH BARRIER
Weldon and Roach think we go lower in yield
they are probably right
but just below 4% will probably be a turning point
Sinclair thinks November is the bottom for Trez yields

we will see
I just wonder how the USdollar Part2 figures in
the buck aint looking too dapper in the last few days
/ jim
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