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To: Canuck Dave who wrote (157401)	5/7/2009 1:25:48 PM
From: grusum	Respond to of 312810

you're right. this may be the start of the ride all us 'bugs' have been waiting for..

To: Canuck Dave who wrote (157401)	5/7/2009 2:01:59 PM
From: Nevada9999	Respond to of 312810

Bernanke, the buyer of last resort of US bonds was talking on TV and I think he missed the treasury auction. DOH!!!

To: Canuck Dave who wrote (157401)	5/7/2009 2:54:57 PM
From: robnhood	Read Replies (1) \| Respond to of 312810

<<"The auction is big news because now it's showing that maybe the Chinese don't want our bonds. If the cost of capital for the United States becomes more expensive, then the recession is going to take that much longer to get out of," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. >> <<It's not exactly a normal state of affairs, but weak demand in a Treasury auction of 30-year bonds is being cited in part for the weakness in stocks on Thursday. Both Treasuries and stocks were moving sharply in the same direction - down. Stock investors were worried that slowing demand for government debt could raise the cost of capital and dull any economic recover.>>