Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Qualified Opinion who wrote (75823)	6/22/2007 3:10:47 PM
From: Real Man	Read Replies (1) of 94695

We are pretty far from BK, close to all-time highs and still above 50 DMA on all major indexes. There are some dangerous undercurrents in the bond land, but the market so far ignored all of them, except the prospect of higher interest rates. The real conundrum is banks/Fed cooperation. It can't break down unless the value of the confetti the Fed prints (the dollar) goes down dramatically (it sure won't break down in that case either, just the Fed will be "devalued" -g-). We had another big buying spree from foreign Central banks this week, including $10b in housing agency bonds.

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