To: Richard Mazzarella who wrote (10838 ) 4/28/1998 2:38:00 PM From: IngotWeTrust Read Replies (1) | Respond to of 116764
Hi, MazzaMan!!! RE: Ur chicken/egg post, the O/49r CAME FIRST! Lemme prove it: I've been warning for several months now, that Interest rates are due to rally based on the repatriation of BUND money, led by Bundesbank, and the other EMU countries which have parked Bond money here until new exchange rates are fixed 5/2/98...THIS WEEKEND. You see, selling US 5 and 10 yr instruments will drive down prices, thus driving up interest rates. The confluence/preponderance of Fed Governor all singing the same tune a/w/a the "cooperation of the free print advertising a/k/a Wall Street Journal ystdy" is just further proof that there are "signals" and then there are the explanations after the fact. The Jas. have been sneaking out some of their 10yr Treasury "investments" for about....oh, say 90 days now...and the G-7 mtg whuppped 'em back into line, b/c everyone knows GERMANY is more important in this chess game than Japan is!!! The "mystery" surrounding why the Jas. haven't brought into play their 220M of US foreign reserves is no mystery to me! Germany and the rest of the EMU get to pull out their pre-fixed exchange rate temporarily parked monies first and THEN Japan can do it. FWISA, that order of events is when we will see the $220M Jas. held foreign reserves (translation hoarded US$) brought to bear to thump the U$ but good. Then it'll be "safe to short the dollar" on that "after thumpin' rally." Remember this: whether Bull Rally or Bear Rally... the PROS get the first move, the awake and the alert get the second move (and the smart take their money outta the middle) and the suckers/public gets the 3rd wave, aka "the shaft." G/Investing-Trading. O/49r