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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (5328)12/13/2001 5:16:36 PM
From: isopatch  Read Replies (4) | Respond to of 36161
 
George. NOTHING is "RADICALLY WRONG"

Once Again. It's simply the Bond Market Vigilantes.

Fixed income markets playing their appointed role of adjusting the imbalances created by the government gimmick gang in recent years. Slider and I have written several times since last summer that when the bonds go into the bag it's signaling an important downward adjustment in the clown buck is imminent. Have seen it numerous times. Trust me, it's par for the course, OK?

OTOH.....whatever your max %age in the PMs is George, hope you're there by now<G>

First big boys assault on the Treasury market hit at least 2-3 weeks ago. Large foreign and some domestic holders finally have had enough of Green-weasel's banana republic monetary policy. The want out of dollar denominated debt paper, period. And after MAYBE one more short covering rally, the stock market will follow.

That's why I started unloading fixed income positions beginning 2 wks ago. Sold 5 out of those 6 positions for a decent net total gain and rolled all the proceeds to MO cash & MO PM stocks.

Just relax and enjoy the ride, George. Words like "disturbing" or "worried" are irrelevant (unless you're on the wrong side of some large trades).

Isopatch



To: Crimson Ghost who wrote (5328)12/13/2001 5:34:46 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 36161
 
George,

in the last deflationary supercycle bear market that began in September of 1929, the bond market eventually collapsed too, namely in 1931. this is a little known fact, but here's a chart of the early 30's long bond:

geocities.com