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

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From: russwinter7/14/2005 10:07:39 AM
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Fed replaces 16.25 expiring with 23.0, they're nuts.

Can only mean one thing. FCBs are completely MIA.

Bonds are now reversing earlier bogus CPI rally.

Libor index used for toxic ARMs and IO mortgage hit 4.05% overnight.

For those with the stomach, I was able to buy XLF Aug 31, a moment ago at .80, with index trading at 30.32. Hedge funds love to scalp 12 cents of time value apparently, lots of squeezing into tight elevators.
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