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


To: el_gaviero who wrote (1590)10/20/2003 8:43:08 AM
From: TheSlowLane  Read Replies (2) | Respond to of 110194
 
To me, looks like an acknowledgement of the inevitable and spin job on same.



To: el_gaviero who wrote (1590)10/20/2003 12:03:13 PM
From: mishedlo  Respond to of 110194
 
SOMEBODY is stupid. If it is not John Snow, then it’s gotta be me.

Well if you are stupid I am really stupid.
I picked up 32 sep 98/98.25 EuroDollar call spreads for 6 points each
Maximum value is 25 points
Price per point is $25
I am risking 25*6*32 = $4,800
to gain 25*19*32 $15,200

All I need is no rate cut before the election.
Actually I think I could stand a 1/4 point but no more

M



To: el_gaviero who wrote (1590)10/21/2003 5:20:24 AM
From: russwinter  Read Replies (6) | Respond to of 110194
 
<If the US economy sustains an increase in interest rates without serious problems, I will be in need of new wet-ware>

I see a backup in rates as an economy killer. In fact money supply is already contracting even with 6% mortgage rates. The mortgage application index is the number to follow, and it's heading south. Without steady credit expansion the economy fades quickly.