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

To: philv who wrote (9636)	3/7/2004 3:10:51 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

So, lets see: if job prospects are poor the markets go up. Therefore, if the job number would have been good, markets would have gone........ down? Unbelievable. Yes equities would have gone down, and I would have been crushed too in my interest rate plays. Gold, silver, eurodollars and euribors all would have gotten crushed. Bad jobs = good for stock market. Actually Friday was more or less neutral on equities and my prediction if you recall was for strong Gold, silver, Euros, eurodollars and euribors, and for a whipsaw in equities. If I could get every day like this I would not be sitting here typing right now. ggg As dumb as it sounds, a RISING US$ will force a rate hike, not a weak one. That sure sounds dumb doesn't it? (actually it is not a cause and affect but a relationship). It sould also tell you this. This market can not tolerate a rate hike. But..... At some point, all these job losses will matter and the US markets will NOT rally with treasuries. The reason is no jobs=no money. Recession. We are near the tipping point that Russ and I have been discussing. Mish