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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Cynic 2005 who wrote (18003)2/3/2000 9:24:00 AM
From: Cynic 2005  Read Replies (2) | Respond to of 18056
 
CRASH alert! CRASH alert! CRASH alert!
This is not a drill. I repeat this is not a drill.

Violent swings in bond markets, steepening yield curve, rising rates across the globe, Feds and Slickster cautionary words on debt - all flashing a major crash alert.

Time frame: 2 weeks. Today's opening is the time to short the heck out of this market.

Major reason for my alert: the inverted Yield Curve and the wide yield spreads:
bloomberg.com

2year 6.375 1/31/02 99-19 (6.60) 99-19+ (6.59) 0.01 --0-01
5year 5.875 11/15/04 96-29+ (6.63) 96-26+ (6.66) -0.02 +0-03
10year 6.000 8/15/09 96-09 (6.53) 96-00 (6.57) -0.04 +0-09
30year 6.125 8/15/29 100-02+ (6.12) 97-28+ (6.28) -0.16 +2-06

Disclaimer: I haven't been right in a while.

Disclaimer to Disclaimer: That doesn't mean that I won't be right this time.