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

To: Archie Meeties who wrote (91447)	2/8/2008 7:24:39 PM
From: Rarebird	Read Replies (1) \| Respond to of 110194

Yesterday, the boys sold the bond market . Today "they" sold the financials and bought Oil and Gold. This is what took place in the 1970's, the era of "stagflation".... 30-year rates (TYX) hit the overhead resistance line yesterday. When a market goes right to a trendline, it's likely it won't break it immediately, but the probability is high that, after a pullback, that trendline will be penetrated. This would confirm that the long term trend in rates is solidly to the upside (correspondingly, the long term trend in bond prices is down). I get confirmation of the beginning of the Bond Bear once we bust out decisively above Thursday's high on heavy volume.