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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (346030)	10/19/2007 2:50:44 PM
From: Real Man	Respond to of 436258

He will cut, but the dollar market may (and will) eventually raise long term rates to 10% for them, once the falling dominos get from riskier bonds to treasuries, and that would be very ugly. Scared money from defaulting bonds run into treasuries for now, that is, until that money fully appreciates the currency risk. But... as long as they run back into treasuries, we are safe. The sun will burn out some day, but that does not mean its a good trade. -g- I think 1470-1490 should be the bottom for SP short term. Then we'll need to look at the rally and see if we get another new high, if there is a rally. Nobody knows when the music stops. -g- It's a big dump today.