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

To: Real Man who wrote (66928)	10/22/2003 7:00:29 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 94695

Vi, Re: However, folks are folks, and they are the same no matter where - they don't like losing money on bonds. So, they will sell 'em. There's an interesting article at MSN's MoneyCentral that has this tidbit, confirming the early phase of what you've just speculated about: "Fed data shows that banks are dumping their holdings of government bonds right and left; their Treasury holdings have dropped $100 billion since July." moneycentral.msn.com This might be of some concern to Chairman Greenspan and our Treasury Secretary inasmuch as the U.S. Government is going to be attempting to issue at least $500 Billion in new bonds and bills over the next fiscal year. One might consider that with weak demand for the Treasuries, interest rates will be heading up.....

To: Real Man who wrote (66928)	10/22/2003 8:27:51 AM
From: re3	Read Replies (1) \| Respond to of 94695

<<<Personally ,I would not want to be anywhere near credit derivatives, or long any bonds, stocks, or anything denominated in USD at that time. so besides putting a significant amount of coin in gold, what other options are you lookin' at ? canuck buck ? aussie buck ? kiwi buck ? a warehouse full of copper ?

To: Real Man who wrote (66928)	10/22/2003 11:22:34 AM
From: mishedlo	Read Replies (1) \| Respond to of 94695

They are trying to F me on my "no rate hike bet" Bought EuroDollar spreads on Monday for .06 (or so I thought) Apararently those spreads never traded for .06 They filled me on something else The lowest traded Sep spreads were for .08 What I really want is the Sept spreads for .06 cause that is what the floor offered and I took it and then some. If I have to pay .08 I will do that cause that spread is already worth .12 (nothing like a 50% gain overnight) Now if they give me .06 I have a FN double overnight But here I sit in g*d Damn I do not even know what but whatever it is I am probably underwater on it. If there is any justice in this world I get that fill at .06 My broker says this will all get straightened out. Well the FN floor offered me .06 and I want .06 but will settle for .08. Thsi is not my mistake but theirs damn it but here I am sitting in the wrong god damn spread. If they fill me at .06 I am up a fast $5000 M

To: Real Man who wrote (66928)	10/22/2003 12:53:26 PM
From: mishedlo	Read Replies (1) \| Respond to of 94695

Well they agreed to fill me at 12.5 (todays price) but give me an adjustment back to Monday's low of 8 cents. Got that on 32 contracts. Have to be happy with that resolution. up 50% in a couple days and headed the right direction. No need to sell here for sure. Greenspan not raising rates before the election paying now 3 for one instead of the 4 for 1 price that I thought I got on monday. A no brainer as farr as I am concerned. Still have a hard time believeing they are GIVING me odds on that rather than taking them. amazing M