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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (11143)	3/8/2002 9:51:25 PM
From: nsumir81	Respond to of 19219

Credit risk..that is exactly what was talked about back some weeks/months back when the bonds had sold off and later Gspan came out with some soothing words to allay the bond market (at the expense of the equity market). As the Street.com article on jobs says, DO NOT believe everything you see or, imo more importantly, ARE BEING TOLD.

To: Square_Dealings who wrote (11143)	3/8/2002 9:51:44 PM
From: nsumir81	Respond to of 19219

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To: Square_Dealings who wrote (11143)	3/8/2002 11:10:30 PM
From: Killswitch	Respond to of 19219

You might enjoy this article entitled "This Market's Getting Ready to Rock" by Howard Simons. thestreet.com It discusses several things regarding credit, including the fact that credit spreads are narrowing (bullish) and the fact that bank lending is a 6+ month lagging indicator. In other words the lending tightness we see now will ease up dramatically in 6+ months if the economy continues to recover. Also bullish obviously, and no the days of free money are not gone forever. I can cut and paste the entire article here if necessary, but you'll miss the pretty charts.

To: Square_Dealings who wrote (11143)	3/9/2002 9:01:30 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 19219

michael, >>The bonds are gapping down on more than that jobs report. 66,000 jobs isnt enough to cause the kind of impulse down in bonds imo. Credit risk is the real reason behind the move and the talking heads are spinning it as due to an improving economy. Help me to understand what you mean in this statement. My thoughts are that the US treasuries are not a credit risk at least at the present. Would think the foreigners especially the Japanese are selling as well as people taking money out of treasuries to chase these roaring market. We did see the Yen up against the US dollar last week that tells me money is moving from the US to Japan. Joan