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

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To: John Vosilla who wrote (28400)3/11/2005 12:49:37 PM
From: russwinter  Read Replies (2) of 110194
 
<small cap stocks outside of the remaining few leadership groups continue to get completely crushed as if a serious recession is on the horizon.>

Sort of rolling over, but I don't see crushed???
stockcharts.com[m,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G

<record narrow risk premium for junk bonds>

I think it's moral hazard running amok. There is still an enormous amount of leverage being geared here. It's almost as if the consumer and HELOCs market have stalled, so let's gear credit expansion into even more risky speculation. And while we're at it, let's buy some oil and other commodities as well.
Reuters CRB Index 317.97 +2.82 3/11/2005 9:40
futures.tradingcharts.com

You know how even a marginallt responsible Fed would stop this? Raise the Fed funds 50 bps on March 22, no warnings, no tip offs to Pig Men, Boyz, cronies or even Mr.Creosote.
arago4.tn.utwente.nl
The problem however, is these criminals are all linked together. So instead you get diversionary speeches like last night's Greenspan, Bernanke performances.
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