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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (8087)	8/9/2007 1:23:29 AM
From: John Pitera	Respond to of 33421

Hawk, the key mis-assumption you raise (imho)is that the holders of mortgage debt who decide to sell it would put that capital into Tbills. Why would holders of longer term debt move to a cash equivalent EXCEPT in a true financial panic. a true financial panic would have global stock indicies down 35-45 %. or something along those lines. I encourage everyone to read the post I reprinted from Robert L. Rodriguez, CFA talk to the Chicago Audience he held in Late June. I just posted it early tonight. I thought I had several weeks ago but I don't believe I have. ( it's recieved some reference here though) John