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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (7189)9/15/2005 5:30:00 PM
From: All Mtn Ski  Read Replies (2) of 33421
 
The timing of this will probably coincide with an upcoming quick 275- 300 basis point sprint in the 10 year yield.

Wow, what's going to trigger that? The Bond market and the yield curve have been one of the confounding investment themes for me in 2005 and is one of the reasons I've been in cash all year (haven't missed much).

If we do get a large uptick in rates, that's going to really kill the folks in ARM and IO mortgages as well.

Goes along with my theory that Americans have relinquished too much accountability in our democracy, thus being ruled by a political class and not by leaders. I think it will take a great event, like a severe depression, to get the citizens to demand more accountability and thus regain control of our democracy. The ineptitude of the federal bureaucracy was greatly exposed by Katrina, IMHO, and still the nations sits. But nothing wakes up people like a depression....

A-M-S
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