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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (1269)10/6/2003 11:44:13 AM
From: philv  Respond to of 110194
 
Euro back up to 1.17+

Live chart. You can choose your time frame.
forexcapital.com

Gold was severely wounded Friday. The hit against gold was supposedly because of the strengthening USD?



To: russwinter who wrote (1269)10/6/2003 11:51:43 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
I hear you, big guy... numerous stresses on LT rates

- heavy new supply of Trez issuance
- lagged monetary expansion since 2001
- Asian import prices
- GSE agency convexity from hedges
and the last is the best
- belief that the USEconomy is gaining strength

I truly believe that the deception on USEcon strength will eventually hit the administration on LT rates
it saw a shock in late July across the globe
a recoil in bond markets is likely to see a round #2

with rising rates, unaccompanied by rising profits, we should see that stock market fall soon
it could be Christmas and a lackluster performance

the irony is that the recovery will not occur as long as retail sales are brisk

/ jim



To: russwinter who wrote (1269)10/6/2003 12:13:19 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
dont understand how CNBC says "US$ up against currencies"

the euro is up over 1%
the jyen is unchanged
the canadian is up slightly

the line is used as a refrain for segue into an advertisement
whether true or not
amazing
/ jim



To: russwinter who wrote (1269)10/6/2003 1:17:11 PM
From: Silver Super Bull  Read Replies (3) | Respond to of 110194
 
Russ,

RE: "I've never seen a stock market more primed for a fall anytime in my thirty years at this."

Totally agree. Another thing that I find most interesting is how this rally has been practically "straight up" since March. There have been very few multi-day declines or any back-and-fill action. Apparently it doesn't bother the stock market bulls (what does these days?) but they should probably be wondering what would cause such a straight-line rally, and how it will be resolved over time.

DB