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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (70615)4/23/2005 4:55:10 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
The Fed is about to whip the shorts - they are back
to dropping $ from helicopters. 1.2 billion coupon pass.
This is the first coupon pass since early December.
ny.frb.org
If this continues at high pace, the dollar will drop through
80, and gold will soar. So will Mr. Market, at least
short term. BWDIK? Longer term, should 81 support be broken,
a full-blown dollar crisis will likely to develop, which
will trash LT bonds. The Fed is in a cage - slowdown if they
don't, and slowdown if they do.