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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: $Mogul who wrote (1463)	10/20/2007 9:03:35 AM
From: Real Man	of 1718

X that bottom call. No clue now, Fed cut vs another credit storm next week. Credit spreads are blowing up again, some past August. They widened significantly this week, and that's not related to expiration, which is why the probability of another cut increased significantly to 100% and treasuries got bought. Technically I can see a bottom on Monday, but this development is not bullish. There are no bears now either, not even me, nobody dares to short the October cut, so... perfect timing for a BK. In other words, no clue if this is over or not. So, I'll just stay out of this market, count some flies on the wall, not buying Monday bottom.

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