Henry,
Excellent post, and I agree with you longer term about the bonds. I'm waiting for the market to turn so I can take long positions. But, as a trader yourself, you can understand that I must rely on my indicators. They still point down.
Certainly you can profit on the long side if you quick trade, I position trade. I was refering to a bond buyer, not trader, who has long positions within the past five weeks or so.
I also agree that energy prices are relatively stable with crude oil not doing very much in recent months, in fact going lower except for that recent blip. Prices at the pump haven't moved in months, maybe a dime, that's about it. I also noticed that the agricultural markets are not stealing the headlines, didn't the coffee market just recently crash?
So, I am bullish longer term on the bonds, but I may be able to buy some at a lower price, and maybe not, we'll see.
Henry, I must ask, what is your expectation for the U.S. dollar against the major currencies and U.S. trade partners over the next 3-6 months and next one to two years? Do you anticipate that the dollar will remain strong enough to keep rates in check in the U.S.?
Best Regards.
GZ |
