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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.86-0.7%Dec 31 4:00 PM EST

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To: Psycho-Social who wrote (83826)5/11/2003 7:37:52 AM
From: Crimson Ghost  Read Replies (2) of 99985
 
Many people now think that Greenspan is directly intervening in the bond market to keep rates artificially depressed. That is the only logical explnation for the fact that bond yields still are their lows despite the big stock rally. This is the real Greenspan "put."

Great for bond investors now, but I fear the stage is being set for a bond (and stock?) massacre when the price of these actions (a plunging dollar) gets out of hand.
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