ET, agreed, low vol mkts make difficult reading for longer term trends. Notice the spigot is wide open at the Fed though, pump to max yet holiday dow/spx allowed to drop? Dosh is going elsewhere.......
pixi, yes. With the above rider.
fm time thread:
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Collection Agency - 24 Oct'05 - 01:14 - 239 of 654 edit
edit....blah stuff.
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Mkts. I have yield curves in various places flattening, mkts busting through support, I see major problems with the consumer and all the related whoes, bonds strengthing at the longer end? With inflation talk? Summat is outta kilter here, either bonds are dreadfully wrong (along with fx world too, euro$ futs have inverted) or the Fed is right.
I'm with the bond/fx mkts this time, I think AliG and the Dream Machine have been called whilst holding 9 high.
Bondies are sitting with pocket rockets.
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Need 10750 to go on a closing daily to cfm a downtrend (fwiw,nag,impo etc)
