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

To: mishedlo who wrote (3292)	12/12/2003 10:02:34 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

A 3.50% spread between 10's and fed funds would shatter the quarter century record, and would suggest that the market is pricing the various risks much higher then the Fed. But, looks like for now loosey-goosey is the modus operandi, and it sure shows in the market; another surge today in energy, quick recovery in gold, and so on: hot, hot, hot. I guess I'll be like everybody else and enjoy the breakaway ride in energy for now, but hang on to my tulip bulb shorts expecting trouble ahead. There are a lot on tops going in among the financials, tech, retail. Technically they look tired (plateau right shoulder lower highs, slow rollovers, poor and diverging money flow and RSIs), energy still looks explosive (powerful MF and RSIs). I'm not going to fight trends right now.