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

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From: TH12/14/2008 8:17:34 AM
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Question for the thread. I've been giving some thought to what I would do with rates next week if I were in Ben's shoes.

My end result is that I would only cut a 1/4, but before I get to why, maybe we get some discussion going.

It is an important question to me because, IMO, this rally has already started to look quite weak and anything less than the expected 1/2 or hoped for 3/4 might stop this mini-rally cold and possibly send us back to the lows. There is no conviction in this rally, for all the right reasons perhaps, and the volume is not impressive.

Of course there is the potential in Jan to advance based on the usual New Year positioning as well as the arrival of the new messiah on the 20th.

GT
TH
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