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

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To: orkrious who wrote (68879)8/28/2006 12:35:06 PM
From: Perspective  Read Replies (1) of 110194
 
LENDERS: Well, like it or not, I've got my first substantial positions against the lenders now. This rally hit my asking prices for ACF, BKUNA, CFC, DSL, and NDE. Who would buy this stuff here? Fed rate cut anticipation or something?

I expected an opening bounce, but their stamina is surprising. I much prefer those entries where I get it right at the opening bell and it fades for the next twelve months, but I guess they can't all be that comfortable...

BC
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