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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (68899)3/9/2004 7:50:41 AM
From: Real Man  Respond to of 94695
 
Yep. They got flushed out. I was not one, even though I'm
bearish on them fundamentally (I think the real rates
are very negative )- the LT uptrend in treasuries
has yet to break, and it didn't. Not yet. I'm just looking
for now. Such a flush may result in a reversal. Something
very similar happened some time ago, when the government
announced they will cancel the 30-year treasuries.

In any event, the LT bearishness prevents me from betting
long (although I do have some I bonds), but I would not
short it either at this point. Just watching.