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

To: ild who wrote (74321)	11/18/2006 9:44:27 PM
From: CalculatedRisk	Read Replies (3) \| Respond to of 110194

I don't think the chart was created today (11/18). More likely it was created yesterday based on the closing data for Thursday. That seems to make sense: the odds of 5.5% fell, probably because of the low CPI. Why the odds of 5.0% also fell is unclear - maybe because the other data on Thursday (Philly Fed, Capacity Util.) was OK. I bet we will see a reverse for the 5.0% odds on Monday based on the weak Housing data.

To: ild who wrote (74321)	11/19/2006 10:05:43 AM
From: orkrious	Read Replies (1) \| Respond to of 110194

@MRB -- trotsky, 16:10:39 11/17/06 Fri it appears the recent resource update after drilling by Xstrata on the El Morro property has led to a sizeable rerating. the stock is now short term overbought, but remains undervalued anyway. note that 'fair value' has in fact shifted upward with the restated El Morro resource (now $8-9 rather than $6-7 previously). from a technical PoV, while overbought, it's also at a new high. this is the best thing that can happen to a stock, obviously. new highs are bullish as a matter of principle, unless accompanied by glaring non-confirmations, which is not the case here.