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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Peter V who wrote (14253)10/1/1998 9:28:00 PM
From: Joey Two-Cents  Read Replies (1) of 18691
 
Pete,

With LB yields at 4.87% its quite possible the October crash will come in bonds. A retracement in the LB back to 6.5% would be a 30% loss.
The $ vs the DM is at a 19 month low. What will AG do if the world starts to flee the US $ ? Raise rates to fund our $6 trillion debt?

Funny how that yellow metal is slowly moving up. To bad Americans think gold is archaic and rather hold paper, paying no dividends with the hope some sucker will buy their paper at a higher price.

I wonder if Abbey Joseph Bonehead is still shooting for 9,300 by YE?
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