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

To: Real Man who wrote (76372)	12/21/2006 8:26:40 PM
From: jimmg	Read Replies (2) \| Respond to of 110194

Repo activity the past week or so goes to support the massive retail spend rather than the stock market. Acts as grease to facilitate the huge transfer of wealth from all the dumb sheeple into the hands of the national retailers. According to wikipedia: "In a survey of 500 Christmas celebrating children in the US only 137 found Jesus more important than Santa Claus." Most Americans really are about as dumb as you can get. Might as well try to make money from it.

To: Real Man who wrote (76372)	12/22/2006 12:01:47 AM
From: bart13	Respond to of 110194

I agree on warning flag (and other points). It seems strange to see all the printing when DOW is hitting all-time highs, and no 1000-point move for the DOW. It could be just overbought, and it is severely overbought. Or, there could be something nasty in derivative land. It sure does have me wondering too, I can't make it add up well. One interesting data point on US derivatives (brown/burgundy line below, right hand scale) - they are of course growing at a mad rate but the rate of change hasn't changed for over a year and is actually down a bit. I also just tried to find it in the last BIS release and failed, but I recall noticing that total world wide futures and options were down from over $500 T last year to around $470 T in the last reported quarter ending in June... yet another data point that makes little sense to me.