Thank you Ira. Your comments could not be
coming at a more important time. I wish personally that I could better quantify
what I don’t know. But because I don’t know it, my caution and risk
management are on their highest settings. At the last up trend, I liquidated
all my systems and I’m totally on the sidelines. By my calculations, the
reward in what I might not lose going into October vs. an unknown risk is not
acceptable for me.
Of course over the years my gut has been one
of the best contra-indicators I know J
Regards,
Gene
From: realtraders@yahoogroups.com
[mailto:realtraders@yahoogroups.com] On Behalf Of Ira
Sent: Sunday, September 02, 2007
1:33 AM
To: Undisclosed-Recipient:;
Subject: [RT] Interest rates
This market is set to go where interest rates direct
it. Right now the perception is that the fed will lower rates in both
Sep. and Oct. Right now it doesn't look like that. The bonds
haven't broken up as yet and there is still trouble ahead in the credit markets.
I have posted on the bonds and interest rates.