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To: Shack who wrote (130388)3/7/2006 2:16:39 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Partly OT..(Sorry...you got me started..gg)

<<.All in good fun for me, I haven't traded bonds since mid June 2003 when I unloaded all my bond funds the very day that yields bottomed, still my single best 'macro' trade ever...>>

WOW!...and WOW again!!..... Fantastic.. (Guess I better be careful about crossing that kind of judgment..LOL) BUT I think I have explained how in the early 80's I loaded up a pension fund with 14/15% long-term bonds....and also that I fell out with Prechter at that time ......when he was calling for more bear up to 20% and I insisted (based on my EW count, no less.....can you believe it ?) that a BIG bull was just getting underway...

As I think I explained to somebody recently, my only interest rate play for some time has been with 4-week Treasury Bills......Have a batch maturing every week, and back they go into 4-weekers.....I'll soon have to decide when to start moving into 90-day Bills, but don't think I'll have to worry about buying 10/20 year bonds for a looong time...