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

To: mishedlo who wrote (27247)	2/25/2005 5:12:29 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

Gosh, it's run by the US Treasury, are you thinking they could get raided by internet hackers and thieves, who get a hold of routing numbers ,etc. I wouldn't know about that, but this is the Treasury Dept site where Joe Public buys bill and notes, you'd think it would be pretty protected and secure wouldn't you? There is an historic commercial long on the ED. I see the Sept ED is 96.24, for a 3.76% yield. The FOMC meetings are 3/22, 5/3, 6/30, 8/9, 9/20. The ED matures in early Sept, if you want to check the date, but this implies that the Fed will raise four times in row between now and then. I don't think so, economy is going to get nailed if it isn't already, so a long ED trade here may work. I'd like a few more ticks cushion lower, and I'm going long. The treasury bills makes sense because there's going to be credit revulsion events IMO. If there is credit revulsion it may filter into even higher ED yields (bank, not govt backed). I also expect big China meltdowns this spring. I sold my copper futures (great trade, a couple times) , although with the Japanese providing "liquidity" Message 21077967 it encourages the trading desks to price spike it (and energy). If they do, it will kill Asia. The specs are already heavy long (37,515). 64.82.65.31 Gold looks just fine to me for the moment.