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

To: GROUND ZERO™ who wrote (68932)	3/14/2004 1:12:32 AM
From: mishedlo	Read Replies (1) \| Respond to of 94695

more than likely you are right short term. Perhaps even decently so if PPI come out soon, but next jobs data and yield come down again. As for talk, it is cheap. HOWEVER.... Japan is ACTION not talk. If you delve into it there are very good reasons for what they are doing as well. Finally even if you do NOT agree with the reasons If japan says they will do something Greenspoan bitches at them they tell greenspan to fuck off and keep doing what they were doing then.,... IMO you are nuts to bet against the trend Same thing in treasuries Greenspan says jobs are what matters. The market reacts as if jobs matter yet every idiot shorting treasuries nearly 100 point highers thinks that the PPI matters but jobs dont. Personally if an idiot tells me he is going to do something, and if that something is all that idiot has ever done, and furthermore that idiot gives you the reason, and that reason is jobs, and the market reacts to jobs, then why the F do you want to watch something other than that? You do not have to agree that YOU would be watching jobs if you were in charge, but the man in charge is ,and the market is reacting that was as well. Howvever, after this runup we had, profit taking could be in order and PPI will matter SHORT TERM but as long as jobs continue sucking, treasures are headed lower. Quite simply, it is that simple. Mish