Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (74482)	1/30/2007 11:14:49 AM
From: Real Man	Read Replies (2) of 94695

That does not matter to a market that is managed via futures - the indices will be up nevertheless. The initial rally from June lows was very narrow, futures-concentrated. This was bad technically. Yet, the market followed. Some correction could be allowed, but I'm 100% confident that as soon as the decline is deemed to be too deep, Fed coupon passes and 2% up days associated with them will re-emerge. The dynamics of this market is different now. The BK has already occured - thousands of trades worth many trillions in OTC derivative markets are allowed to be not settled. The bonds of a financial CO (FNM) that has not reported its accounting for 2 years and deserves to be delisted trade at 30bp over treasuries. The only way this bubble is popping is WITH the dollar.

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