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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (67831)8/20/2007 5:02:17 PM
From: ballsschweaty  Read Replies (2) of 116555
 
A "flight to safety" and yet we see 10%+ moves in fslr, crox, bidu and rimm. That doesn't square with a flight to safety.

Warning of an imminent collapse in Fannie Mae and yet the stock was up 25 cents today to $67.50, 30%+ higher than its 52 week low and only 3% below its 52 week high. There is absolutely zero evidence that short term Fannie paper in money market funds is about to go bust.

The ultra low t-bill yields likely have more to do with the massive reserves infused into the system by the global central banks than any true flight to safety.
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