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

To: Perspective who wrote (79871)	3/11/2007 1:48:59 PM
From: Dan3	Respond to of 110194

Re: I think the market has likely gone from a leading mechanism to more of a lagging mechanism as the source of buying has shifted from investors to price-insensitive flows from corporate buybacks and the games played by hedge funds. It may be that until after the economy has tanked enough to dry up corporate liquidity, or until hedge fund liquidity is finally reduced, that nothing really matters. That might explain much of this past year's market behavior which otherwise just doesn't make sense.