Rates are not declining, only fear of rates have increased.
So effective rates increase (bond prices drop). Skittish investors
and day-traders (ie, us here on SI). Good news for the economy
is bad news for the market. How long does that hold true? It is an excuse for volatility, they interview the bearish people today, yesterday they interviewed the bullish, sometimes its the same people. A bunch of gab for the sake of gab and pushing the buy/sell volume. Yes it has to do with brokers, this is their industry and you better listen because of it.
BTW, should we take bets on when we get another doubting analyst or so that takes usrx back below 70? I (just now) barely managed to scape even on a two-month options position, I'm ready for the next slide. Since 3com and usrx are at the same price, maybe hold a lottery on which is higher by next friday? |
