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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 (8927)	2/28/2004 7:29:21 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

No unclear message there, and serious offside positioning IMO What is offsides by it? FF futures are miniscule compared to eurodollars. Not even in the same league. The further out you go the more rate hikes are priced in. As the months go by without a hike the odds start collapsing. Sept Eurodollars are at 98.58 and if you short and hold, by Sept I expect you to be 25 points in the hole. Short 10 contracts and I expect you to lose $6,250 BTW I fully undersrand how small a hike is priced in. Last month it was bigger and the month before that bigger as well. It is the nature of the beast. Eurodollars have an implied target. That target is 98.83+- assuming no rate hikes. The big gains are made furter out. Not much money to be made in those. March 2005 have almost 100 points left in them. Buy a few and make $2,000 per contract. In 3 more months with no rate hikes those will be a good 50 points higher. Mish Mish