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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1574)	3/9/2004 9:57:37 PM
From: yard_man	Read Replies (2) \| Respond to of 116555

>>We wrote yesterday that we don't know whether the correction will last for a few days or a few weeks but, the longer that the benefits from refis and corporates persists, the greater the odds are that we will eventually see new highs in stocks. << I think there may be a breaking pt -- that if rates drop too far too fast -- stocks won't benefit, housing prices won't benefit -- markets will start to get a whiff of the coming deflationary debacle and there'll be feedback that drives rates lower still. I know you have posted on the amount of Yen thrown in to support the dollar -- but what about the resultant reduction in treasury yield vs the recovery of the dollar/yen rate obtained? More buying less ... I think if you'd asked a number of folks 6 months ago -- they'd have said Japan would have given up a long time before this and we'd have much higher rates and a lower dollar, but they keep on plugging.