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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 (23133)12/9/2004 9:16:49 PM
From: Wyätt Gwyön  Respond to of 110194
 
and yet, interest rates have chosen not to comply and keep falling.

this is the same argument people used to justify buying Nasdaq stocks in May of 2000. the rally killed a lot of shorts and convinced bulls that the market was still safe. but the highs of March 2000 were not to be seen again. one can make the same argument against bonds, as interest rates are still well off their lows of last year, despite the rally following the spring bond rout. the jury's still out and one can argue that the top for bonds is already in.