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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (12489)	6/22/2003 3:54:03 PM
From: James Strauss	Respond to of 13094

Rydex Juno vs Rydex 30 Yr Bond Fund... *********************************************** chart.bigcharts.com With long term interest rates getting ready to climb the Rydex Juno Fund is having a recent positive divergence to the Rydex 30 YR Bond Fund... Note the recent crossover... This should be only the beginning of positive performance for the Juno Fund as long term rates begin to rise... chart.bigcharts.com Jim

To: James Strauss who wrote (12489)	6/23/2003 1:21:29 AM
From: SilasSan	Read Replies (1) \| Respond to of 13094

Jim, I'm a little nonplussed here about the effect of interest rates on utility securities. I thought that utilities looked appealing because the dividend return was so much greater than interest rates on bonds, etc. At some point in the disparity between the two (low rates vs. high dividends) higher utility risk is outweighed by higher utility returns. If I chart $TNX and $TYX versus $UTY back to 1994 I can see a clear reciprocal effect of interest rates on the $UTY. Rates up, utilities down and vice versa. About mid 2002 I see a utility sector driven hot by bubble-shy investors (desperate to invest in some kind of stock) relaxing but the trend I expect holds. Most recently I see rates down and utilities up. So,...whassup wid dees headlines? Regards, Silas