Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Tommaso who wrote (33973)	7/21/2005 3:48:21 PM
From: mishedlo	Read Replies (1) of 116555

In your model is there no money to buy anything? Consider these Selling of junk - buying treasuries selling of corporates buying - treasuries Selling of equities buying treasuries People with cash seeing attractive yields buying treasuries Pension plans buying treasuries instead of junk, corporates, or equities Bill Gross selling junk and buying more treasuries Foreign govts buying less agencies an more treasuries Money flies out of stocks into money market funds, those funds buy treasuries Is that enough money? BTW, a big gain in yield will not be from the buying but from repricing risk of junk and agencies as I stated earlier. Otherwise there is plenty of demand from the above. Mish

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