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

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To: Crimson Ghost who wrote (37842)8/5/2005 10:54:01 AM
From: Real Man  Read Replies (3) of 110194
 
We'll see. The leverage in the credit markets is too great for it
to unwind in an orderly fashion. TNX pullback will mean the
Fed and the pig men have won another battle against the free market.
10-15 bp higher makes this move a distribution "tail", the event
derivative markets are never prepared for. IMHO.

That and leverage combination makes a meltdown from there very
probable.
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