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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 (5763)1/22/2004 11:00:47 AM
From: yard_man  Respond to of 110194
 
I'm talking about a trade for a pizza while you are sitting on your a$$ -- nazdung lagged the DOW pump two days in a row -- VXO near lows -- it's a trade good for 3-5% ... no bells. Just a trade.

I'm in RYVNX as of the close Tues ...



To: mishedlo who wrote (5763)1/22/2004 11:16:46 AM
From: Crimson Ghost  Read Replies (2) | Respond to of 110194
 
Jim Grant had an article in the latest Forbes pointing how overvalued junk bonds are right now. I could not agree more, but junk bonds probably are not as overvalued as stocks. So I am hanging tough for the time being, but am prepared to dump real quick on the first sign of a change in trend.

Sure looks like the powers that be want to push the 10-year yield under 4% for awhile. Without this massive CB intervention 10-year yields probably would be above 5% IMHO.



To: mishedlo who wrote (5763)1/22/2004 11:28:38 AM
From: yard_man  Read Replies (1) | Respond to of 110194
 
Luc can mess up any trade on his own <g> .. stick with your interest rate plays, then -- yields ARE going much lower.

equity p/c spiking a bit here, but don't let anyone tell you that means we can't get a 4-5% drop ...



To: mishedlo who wrote (5763)1/22/2004 11:34:37 AM
From: yard_man  Respond to of 110194
 
speaking of contrarian bets -- I sure hope you gave Luc this one in a timely fashion <g> ...

Message 19711512