To: Bull RidaH who wrote (36 ) 2/25/2021 3:33:50 AM From: Bull RidaH 2 RecommendationsRecommended By Fiscally Conservative J_K
Read Replies (3) | Respond to of 4397 30YRBOND - I was going to wait for a review til next week's 1 year anniversary of the call in the post this one responds, but with the T-bond price melting as fast as Biden's last remaining brain cells, the dozens of new subscribers and callers to the free 900# hotline designed to compete with Chef's should be fully apprised. The often imitated but never duplicated (Thank God!! ) Sir Walter Yardman gets the assist for kicking me around til I reviewed the last 40 years of trading history in the Bonds to come up with a competent read. The 2 key items from that 3/10/20 post for those too lazy to look...T-Bonds were 179 that day- "The double bottom between 83 & 85 projected the 30 yr bond futures price to precisely 184.75", - "As long as 184.75 holds on a weekly closing basis, all rally's should be sold. Not a bad time to refi right here either." Aside from the weird opening on 3/20, prices never eclipsed 184.75 again, nor did they log a single daily close above, much less a weekly. With today's slide taking the price near 160, this call can not be ignored when SI compiles its greatest of all- time market prognostications. We're talking calling the end to a 37 Year Bull Market in one of, if not the most liquid instruments in the world, the very day after the final closing high was made!! Why are Baron Von Yardman & I not managing a $10 billion hedge fund right now? <g> To all those who jumped on board this call with us and have profited handsomely on the move to 160, if a gratuity is in mind, PM Lord Yardman to receive wiring instructions to the "Yardman Institute for Disadvantaged Traders Because They Went Broke Before They Figured Things Out" fund. He says all contributions are tax deductible, but I'd double check with Hunter's accounting firm before filing returns. <g>