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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 (3133)12/10/2003 5:39:20 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
key quote from BCA:
The rise in our Fed Monitor suggests that the Fed is already behind the curve and the longer the fed funds rate is kept so far below the growth in nominal GDP, the greater the eventual danger for bonds, and the more likely that equity prices will keep rising. The odds are still good for a tightening before mid-2004.

/ jim



To: russwinter who wrote (3133)12/10/2003 6:34:02 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 110194
 
TNX (Ten-yr TNote yield) at critical point here
I call the chart an upward biased Head & Shoulders bull pattern

stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

we are now revisiting the right shoulder
support is found here by the 20day MA

with relaxed Fed policy on hold, we got a 10-12 bpt jump yesterday
I expect more of the same
which will be a face slap to Greenspasm (Mr Magoo)

/ jim