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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (66896)10/20/2003 1:26:20 PM
From: Real Man  Respond to of 94695
 
Good luck with your bet. I'm not sure what the Fed will do, but I think the
bond market may slip from under their control. Somebody has been
buying, and is holding short-dated treasuries as well. All this is a
confidence game. Confidence in the Fed is about to be lost. In fact,
it already is shaken from June-July events in the bond market.

If it is lost, there will be a flush that even the Fed can't stop.


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