Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ild who wrote (33798)	6/3/2005 1:48:27 PM
From: ild	Read Replies (2) \| Respond to of 110194

Date: Fri Jun 03 2005 13:24 trotsky (frustrated, 11:20) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved ""Be careful how you interpret a very narrow curve or even an inverted curve in the context of structural forces that may have flattened it," said former Fed Governor Laurence Meyer. "It doesn't mean the same thing that it used to mean."" suuuuure - "this time it's DIFFERENT!!" " "At some point we do believe that the 10-year Treasury ( note yield ) will rise," Fed Governor Susan Bies said last week. " yes, at 'some point'. it could be today. and it could be someday in 2014, with the 30-year bond sporting a 2 handle. "But to get it to rise, Meyer said, the Fed may have to push a bit harder than otherwise, given the huge appetite for U.S. debt. "I certainly wouldn't say the Fed now feels powerless. It could raise the overall structure of rates," he said." well, even if it succeeded in doing so, which is highly doubtful, that wouldn't last long, since 'success' would bring the housing bubble to its knees without further ado. that would lead to a systemic crisis imo, which would be met with frantic rate CUTS right away. Date: Fri Jun 03 2005 13:18 trotsky (also) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved yesterday, the volume put/call ratio in XAU options amounted to 1.95 - almsot TWICE as many puts as calls traded ( over 6,000 puts vs. just over 3,000 calls ) . apparently traders were convinced that yesterday's candle represented a reversal candle, but considering that the jobs report came out today, it probably was only a sign of excessive caution ahead of the report. also, while the XAU closed negative yesterday ( mainly on account of GFI, which was for very specific reasons as we now know ) , the sector advance/decline ratio did not paint a bearish picture.