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

To: PMG who wrote (73420)	6/29/2006 10:06:41 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

No, they are still buying, so no wreck yet. I don't know what they do today. Probably 25bp, as the markets tell them to, as a pause would put a wreck to their credibility -g- Raise 25 bp, and print under the table. They have been locked into it for a while. Now, at this point the 10-year and 30-year rates will have to rise, which is already ruining the housing, which accounted for 1/2 of GDP and most of job growth since 2002. I think when the mess starts coming apart, TA could prove to be useless. Could be da boyz buying today, to front run the bullish BS from the Fed and sell into the hands of willing suckers later -g-