8 replies to this topic

[greenie]

There are two sides of the bond market - bond bulls and bond fools. If you really want to learn what a wall of worry looks like, just read what the bond fools say. Latest 'wall of worry' is 'Chinese and Saudis are going to dump their treasuries' -

http://www.safehaven...rticle-7302.htm

which, by the way, has been the wall of worry in 2006, 2005, 2004 and 2003. Add 'Japanese are going to dump their treasuries' and the wall of worry goes back to 1990.

Only those who have no clue about the markets and the economy would continue to think that way, even after they were proven wrong for >15 years.

In the meanwhile,

[vitaminm]

TLT/waiting for green light



http://finance.yahoo...IH&t=...0&a=&c=

[89S10]

A minor and indirectly related point: Did you notice the Russell 2000 futures sell-off in the last few minutes of today's session? Somebody expects a weak employment report. Tomorrow may mark a long lasting turn in the relative performance of R-2000 versus the S&P 500. Buy ES and sell RUT --- the trade might work until the end of the summer.

[CLK]

Greenie, That chart looks bearish.

[NAV]

Greenie,


That chart looks bearish.

Apparently, he is making the call based on economic fundamentals, not based on the technicals.

[jawndissedi]

PIMCO is pulling out all the stops -- pounding the table, rolling on the floor kicking and screaming -- demanding a rate cut. I have watched them for years and I have never seen a performance like this. By their own admission, they are heavily invested in the short end of the curve -- so they are talking their book. Nonetheless, they are very influential and generally a poor fade in the fixed income sector. I would not want to be long the 30-year at this level if the Fed starts leaning toward an ease.

PIMCO: 3% inflation = no biggie

[vitaminm]

[quote name='vitaminm' post='281114' date='Apr 5 2007, 03:05 PM']
TLT/waiting for green light

http://finance.yahoo... ^GSP...0&a=&c=

Edited by vitaminm, 05 April 2007 - 10:00 PM.

[arbman]

[briarberry]

just for info


the Chinese Yuan has risen about 3.5% against the US$ in the last 12 months

that's potentially 3.5% of imported price inflation

http://finance.yahoo...;submit=Convert