Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (96378)	5/14/2004 3:51:58 PM
From: mishedlo	Respond to of 209892

TNX/TYX........First daily decline in yields of any substance in the past couple of months........Easing of those "interest rate fears" we keep hearing about ......and that are supposed to have been the main culprit in knocking the market down.??????? One day does not a trend make BUT.... This is the first day in a long time stocks and bonds and everything else did not rise and fall together. I posted on my board that perhaps we start seeing a more "normal" market. Stocks up, Treasuries down. Perhaps as much as necessary of the carry trade has now been unwound. Perhaps all it means is that the mortgage market has FINALLY got all of its hedges reworked to the idea that there will be less refinancings. There was a strong FA reason for this reversal BTW. Inventories at an all time high and potentially customer buying slowing (it did in April is that a trend change or an anomily). We could (and should) IMO get into a situation where bonds rally and stocks fall as stock prices are absurd and bonds reflect far more tightening, far faster, than is likely to happen. Mish