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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (56290)	11/15/2001 9:23:57 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

The move on 30-year treasuries is very manipulative in nature, with all the proposed stimulus packages. The goal was to reduce mortgage rates, and thus to reinflate the stock bubble to some extent, or to slowdown the collapse, since too many people believe in the magic Fed formula. The dollar is the only thing holding this together, but I don't think this will last a long time -g- The announcement about killing 30-year bond has 1) caused a melt-up in treasuries 2) consequently a melt-up in stocks. 3) a melt-up for USD. US government does not need new borrowing? Why is it PRINTING then? $2 billion coupon passes, 15% surging money supply? The answer is, to hold this bubble together as long as possible, cause the mess is of unbelievable proportions. Look at all these REPOs and coupon passes recently. Nobody looks there, cause the public likes to be fooled, but they are flowing at unprecedented speed...