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

To: ggersh who wrote (14356)	7/17/2013 2:06:14 PM
From: John Pitera	Read Replies (3) \| Respond to of 33421

Gersh, Like I have said before.... our government is the best that money can buy..... If you bought a portfolio of 2 million dollars of 10 year US treasuries i April of 2012..... up to April of 2013 they would have fluctuated in price say 3 or 5 % up in DOWN and of course If you bought them over a year ago you collected your 1.7% interest for the year.... Since then Your Bonds have gone down from 1000 each to a price of $330 or maybe $370 ... Now would you think you could lose 2/3 rds of your money in 10 year Government notes in 6 weeks... well it just happened.....and since all corporatte, municipal and other debt is benchmarketed to the $TNX ... There are going to be a lot of people really freaking out..! John