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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (81896)	12/5/2018 12:51:14 AM
From: Kirk ©	Respond to of 95531

From Message 31915161 Someone told me to worry because the long rates are starting to drop. I said it was like bragging about running a marathon after a mile... tell me when you get to mile 25... but tell me when the 30 gets down to equal the 1 yr THEN we can start worrying about a possible inversion.

To: Ian@SI who wrote (81896)	12/5/2018 7:46:10 AM
From: booney1	Read Replies (1) \| Respond to of 95531

This time is different...no really!!! Since 2008 there has been unprecedented intervention in the credit markets by governments around the world. By this I mean all the QE interventions, since 2008. A lot of these were at the longer maturities, which of course lowered long term rates. Also regulations were in place that increased capital requirements of financial institutions, which required them to buy government bonds. This drove actual interest rates BELOW 0??? We had a long period of historic (ie...since the stone age) low interest rates. All of this distorts what the "real" interest rate at all maturities should be. There is really no sign of inflation, and business conditions are great. Also in the past long term interest rates were always much higher. They are still near historic lows... I think it's note worthy that yesterday's collapse started at the precise moment that the S&P crossed the 200 day moving average. (11:55 am yesterday). I think "kids" who program automated trading programs key off of things like the yield curve and moving averages.