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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (33114)11/5/1998 8:11:00 PM
From: GROUND ZERO™  Read Replies (2) of 94695
 
bb,

I also believe the top is in for the bonds and all I need to do is stay short. I may take some heat in the bonds over the next few days, but I've got a great profit cushion and can sit through any rally the bonds might muster.

There are too many bond holders that are waiting for a bounce so they can dump their fixed rate holdings and get back into stocks, probably the very same people that sold their stocks 1,000 points lower to buy bonds at the top of the bond market.

I'll tell ya, this whole thing is like a big revolving door, a dog chasing its tail. Ya gotta love it...

Later...

GZ
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