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

To: Crimson Ghost who wrote (2993)	12/8/2003 1:32:18 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Hussman thinks we are EARLY in the recovery process. I think we are in the last legs of the "recovery" I have been meaning to write him on that, but I think he is dead wrong. On this huge Eurodollar bounce I wrote some covered calls against my futures, took a couple of spreads off the table but also bought two June Eurodorllar futures today and wrote covered calls against them. Even IF we see the hikes everyone expects they will be later than anyone thinks. Mish