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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 (9581)3/6/2004 5:30:07 PM
From: Crimson Ghost  Read Replies (3) | Respond to of 110194
 
Mish;

You have been right as rain on treasuries, but one of the reasons for your bullishness (herd bearishness) is highly suspect. The herd has never been more bullish on stocks and they have been dead on the mark so far.

So just because most folks are bearish on treasuries is no guarantee that they will rally. The herd can be right for a long time even though they are always wrong at major turning points.