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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: 8bits who wrote (9378)	7/4/2008 10:04:55 PM
From: RockyBalboa	Respond to of 71402

The 30Yr reclaimed 5% or more than half of the full drawdown from 120. We found it odd that the contract recovered that easily. The US debt is trading between its fair value and a crisis valuation. While it often traded at crisis values it has been proven again at agsain that such values are unsustainable: There was the Katrina event which sent the then currenc contract to 118; there were the events around the a bear takeover where the contract would hit 120. There have been some more where the treasury would run up and then crash. Like me you probably sold at a good price and not with contracts at 110s.