Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (1526)	3/8/2004 6:52:54 PM
From: Mike McFarland	Read Replies (5) of 116555

I see this on Thestreet.com site: James J. Cramer Market Trusts Bonds More Than Tech Investors deemed the economy too weak to sustain a Nazz rally. But their negativity is misdirected. I am tempted to sign up, they do a good job with the headlines to suck you in. ..................................... Say, what is the risk exactly with my RYJUX? I admit getting in too early, who knew the jobs would utterly suck, but I should think that rates are not likely to drop too much more--I can imagine less than 10%. But suppose I ignore the thing for a year, came back and found we had rates like back in the 1930's--then I would have lost more than half my money. And on the upside, say long rates go back up to around 7%, then I make something on the order of 50%. I am inclined to pay my 1% fee for holding less than the three months, and walk away from this bet--that costs a few hundred bucks, and I'm down a few percent. Just another shitty trade. Now the real question--is it worth $25 to see what Cramer has to say about the bond market? <g>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next