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


To: Haim R. Branisteanu who wrote (9169)3/2/2004 1:54:19 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 110194
 
correlate, note DXY=85 mark, factor in 5-month profits

these last five months have been some of the most profitable, and easiest FOREX profits in years
the G-7 clowns announced an open path in early October
now we live with a new dollar range
by midsummer I expect the dollar to break down again

that currency profit path was about as easy as the path trumpeted by AGreeny in summer 2001 when he wanted to pull down long rates in Trez bonds
so bond speculators jumped on
they took profits simultaneously in July 2003
was that manipulation also?

I stick with my claim that when the word "manipulation" is used in big profitaking sessions and weeks, it usually means the person is naive to the nature of markets
maybe not here
you are a wise fellow
I have all too often heard nitwits claim manipulation to explain what they lack in knowledge and experience

when bonds sour later this year, and early next year, will that be from manipulation again?
no way, it will be from unwinding futures leverage, just like now
everybody is on the same side now with large bond positions

/ jim