You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Bonds readying to advance?
- Thread starter gharghur2
- Start date
We need to see a little consolidation between 113 1/2 and 114 1/2? Last week's action was on really low volume. My longer term Daily/Weekly sell signals have not gone off on this rally. I only got shorter term, 60, 90 and 120MIN "exhaustion" signals on Friday's Highs.
Attachments
As I recall, the markets tried to dictate interest rate policy last summer, and the FED ignored them. I wonder if Bernanke will be more accommodative to the markets than that of the Maestro.
In my opinion, regardless how the markets perceived Greenspan or will be perceive him in history, he accomplished remarkable things:
The crash of '87 did not destroy the stock market, ala 1929
The banking crisis of '88 did not destroy the economy, ala 1930
The Junk Bond fiasco
The shenanigans on Wall Street
The impeachment of a President
The threat of terrorism...tell George to speak proper english.
The markets nowadays appear flexible enough to handle most bumps in the road. Alan helped to make that happen.
In my opinion, regardless how the markets perceived Greenspan or will be perceive him in history, he accomplished remarkable things:
The crash of '87 did not destroy the stock market, ala 1929
The banking crisis of '88 did not destroy the economy, ala 1930
The Junk Bond fiasco
The shenanigans on Wall Street
The impeachment of a President
The threat of terrorism...tell George to speak proper english.
The markets nowadays appear flexible enough to handle most bumps in the road. Alan helped to make that happen.