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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (8577)10/30/2002 12:58:23 PM
From: Softechie  Read Replies (2) | Respond to of 89467
 
Are they pricing in 50 bp? Market is at top IMO.



To: stockman_scott who wrote (8577)10/30/2002 2:19:37 PM
From: Jim Willie CB  Respond to of 89467
 
next Fed rate cut will not be next week
nor in December at next scheduled FOMC
it will be during a panic tipped by bank sector implosion
stocks will sell off later next week, and following weeks

much will change after the Nov 5th elections
I expect the dollar to begin slipping, then breaking below 105 again
then bonds will see their rally down to TENS 3.6% yield halted, and reverse

the biggest stock/bond curveballs are coming soon
falling stocks, rising rates, worsening recession
a signature of the Perfect Storm
the control lever: USDollar

I eagerly await Puplava's next installment on the Storm Series
he promised its focus to be on Derivative Events
the best signal I have learned for such events is a widening yield curve,
defined as the diff between higher corp bond yields and lower trez bond TENS or THIRTYS

is anyone aware that the yield curve is now wider than in autumn 1998
when the LTCM derivative events occurred ???
the spread has been wider for at least two months now
/ jim