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

To: bart13 who wrote (81574)	5/8/2007 2:10:57 PM
From: Real Man	Read Replies (2) \| Respond to of 110194

It's just a technical level. Fundamentals are just as bad as always, and getting worse. I still think the dollar "reacts" to printing immediately, although most likely it's stopping the rates hikes and the talk of easing that got it down - derivatives could care less about coupon passes, that's what the Fed is banking on. It's Fed meeting time, the stock market always rallies. Whatever the Fed says is bullish, i.e., is used as an excuse to pump up stocks. I think they may say something this time about fighting inflation and the dollar, again, but I don't think they will do anything about it, like raise interest rates, although who knows, with record April printing. Raising rates to support the dollar, and printing so that the credit bubble does not collapse, has been their game. They might just raise, after all their printing.