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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (204)	3/12/2003 12:39:27 PM
From: Londo	Read Replies (1) \| Respond to of 666

I sense a massive default/increase in interest rates in 3-5 years when all of the renewals hit the fan. Not to mention bank foreclosures. That'll be a great time to pick up a house. Anyway, S&P is still down and the bond futures are up, but not as much as you'd think given the current market environment. I do still think that's a signal that there will be a sharp spike up in the markets when Iraq is resolved, but it'll only last a week or two (just enough to flush out the short players in the S&P futures) and then we should resume our downwward trek. I have an open long order at 785 on the S&P June futures and a short order at 116 8/32 on the 30-year. I missed the last 25 points on the S&P on the short side, but better safe than sorry.