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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (45782)8/5/2003 12:29:05 AM
From: NOW  Respond to of 57110
 
Clearly the talk that foreign selling of our bonds caused the fall looks improbable. the dollar rose simultaneously with the rise in the TNX. What gives?
This is FUN:
stockcharts.com
Notioce how the tnx usually moves up with SPX...
not this time.



To: Jorj X Mckie who wrote (45782)8/5/2003 12:34:58 AM
From: NOW  Read Replies (1) | Respond to of 57110
 
maybe foreign holders are the smart money:
As bonds rally, they sell causing dollar to fall?