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


To: ild who wrote (20676)10/25/2004 5:33:52 PM
From: mishedlo  Respond to of 110194
 
you bet. it seems more likely he'll be cutting rates again soon....

Eurodollars have stalled about 5 times right at this level.
Twice with substantial pullbacks.

Euribors and Short sterling have burst thru long ago to new highs.

There are huge bets both ways on this I think but the odds are for a NOV hike and a DEC pass IMO. If there is a NOV pass I expect a DEC pass as well. In that scenario, the US$ will get absolutely pounded, gold will soar, Eurodollars will soar, but I have no idea what treasuries will do.

Mish