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

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To: ild who wrote (13169)5/4/2004 11:32:36 AM
From: ild  Read Replies (1) of 110194
 
Date: Tue May 04 2004 11:11
trotsky (the bond market) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
the bearish consensus in this market is absolutely breath-taking. apart from the over 99% bearish consensus in Ryde bond funds, we have now THIS picture in the 10-yr. note futures:

safehaven.com
softwarenorth.net

i conclude that economic reports from here on out are going to be surprisingly WEAK, and it even seems likely that some sort of financial crisis will develop soon ( housing bubble popping? China? ) .
in any event, i have NEVER come across a bearish consensus that widespread and deep. deflation anyone? when an entire market leans ONE way, that market is almost certain to go the other way.
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