The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (12418)	4/22/2004 8:12:27 AM
From: TheSlowLane	Read Replies (1) of 110194

I agree that it would be a whole lot easier to understand this market if it was moving on fundamentals, but as you pointed out, the mountain of spec/hot money that is sloshing around adds a layer of distortion. General markets are subject to same forces as evidenced by the percentage of volume that is now accounted for by program trading/hedge funds. Unfortunately, Coxe is still traveling in Europe, I'd really like to hear what he is thinking right now.

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