Mohan,,I read his , and yours ,several times,,,I'm bearish,,,and agree with you,,the intervention by all the king's men makes me even more so..there was something on the dow today that said there was strong rumours around that the fed was selling shorter term , to raise money for the Japanese to defend the yen,,,they said these were unconfirmed , however they said that it made sense,,where else would they get the dollars to sell....this put pressure on the long end
Statements like " We will not pull the trigger on a worldwide recession",,,tells me that they see this very possibility..
russell |
