|
PureBytes Links
Trading Reference Links
|
Is that right ?
I've been short tech trash heavy thru this whole decline, and having the
best year ever.
My trading style is to have Fundementals and Technicals make sense.
Now the fundamentals make NO sense.
You are buying government debt in a declining economy, a government debt
that is near $6 Trillion.
Falling US tax revs, sky high and climbing inflation.
debt amassed by both
individuals and corporations stands at excessive levels. Corporate
interest payments in the third quarter of this year stood at $182
billion, a record. As a percentage of corporate profits 18.7
percent.
Rampant Inflation example (this is the published numbers, imagine the real
numbers):
Hourly compensation costs among
nonfarm businesses rose at a 6.4 percent annual rate in the third
quarter, the fastest pace since 1992. And the rise in labor costs
has been accompanied by an increase in core consumer prices,
growing at an annual rate of 2.7 percent so far this year, up from
1.9 percent in 1999.
With corporate debt rates over 10%, it makes absolutely no sense paying for
5.5% long bond rates.
The bottom should fall out on the US bond market before this debacle that
Greenspan made is thru.
One day you will wake up and the trap door will have opened on the bonds.
IMHO
JT
----- Original Message -----
From: "SCOTT WINSKI, APS FINANCIAL CORPOR" <winski@xxxxxxxxxxxxx>
To: <REALTRADERS@xxxxxxxxxxx>
Sent: Thursday, December 07, 2000 6:30 AM
Subject: Fwd: Re: [RT] BONDS
>
> Been tracking you for along time now...would have lost my ....
> ---- Original Msg from: James Taylor <realtraders@xxxxxxxxxxx> At: 12/ 7
3:34
>
> Fundamentals do not make sense for such low long bond rates.
> Upside is very limited here, IMHO.
>
> Inflation is rampant.
>
>
> ----- Original Message -----
> From: "SCOTT WINSKI, APS FINANCIAL CORPOR" <winski@xxxxxxxxxxxxx>
> To: <REALTRADERS@xxxxxxxxxxx>
> Sent: Wednesday, December 06, 2000 11:58 AM
> Subject: Fwd: [RT] BONDS
>
>
>
>
> > Close enough,,,,,traded through 61 fibo retracement ie 5.55 on long
> bond........
> > ---- Original Msg from: Scott Winski <realtraders@xxxxxxxxxxx> At: 12/
4
> 12:40
> >
> > It looks as though the long bond is trying to get to 5.5.....I would
> expect
> > that the Dec 19 fed meeting will result in a neutral bias with rates
being
> > unchanged which would drive us down to that yield level.
> > That would take the contract over 103....any thoughts?
> >
>
> >
> >
>
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
> >
> >
> >
>
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
>
> >
> >
> >
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
-------------------------- eGroups Sponsor -------------------------~-~>
eLerts
It's Easy. It's Fun. Best of All, it's Free!
http://click.egroups.com/1/9699/0/_/152424/_/976201097/
---------------------------------------------------------------------_->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
|