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

To: russwinter who wrote (28390)	3/11/2005 12:02:07 PM
From: mishedlo	Respond to of 110194

I think one of the aspect of this big bond selloff that is clearly a surprise to me, and perhaps even more so for you, is the inability of credit spreads to widen, in fact they've narrowed . Yes there is a big divergence. The demand for junk is just staggering. Brian reynolds at Minyanville expects another push higher in equities if these spreads stay narrow. I am waiting for the downgrade of GM or F to junk. Let's see if that chokes them. Otherwise I am as confused as you are. I have said repeatedly and will say so again, the BIG BUBBLE is in junk bonds not US treasuries. Mish

To: russwinter who wrote (28390)	3/11/2005 12:04:21 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

is there a chart of agencies? I sure would like to see one. I think I will do a blog on this idea this weekend. Thanks