Today's BONDS!
- Thread starter waggie945
- Start date
Which should put pressure on the bonds.....
Was that news today that bullish for the bonds?
Obviously the market felt that way, but aren't the stocks,earnings,gdp , dollar etc pointing towards a ramp up in growth?
Elder talks about a signal in his book refering to failed tech. patterns, bullish bonds seem to be sending a diff message than what appears on the surface. I think we may get June highs, because it makes no sense??
Did you read my previous post above explaining to you what I see going on? I'm starting to get the feeling you have a short position and are in hope mode. If not, and you have no position then why are you trying to make a case for higher rates when they aren't going up? The FOMC doesn't as of yet have to change to a tightening bias. It's just not in the job creation data greeny looks at yet.
I gotta agree with M C A. Read a little of Livermore about how he could see the move coming (rising interest rates in this case) but acted too quickly because he didn't have the patients to wait until the move was at hand. It is one of his stories about how not to put on a trade too soon. One has to wait for the right time.
I have to agree with you.. but, everyday, I hear the labor drum-beats getting louder and louder..
From my perspective, and please, let me know if I am wrong, I want to learn more, but from what I've seen, and what I've gathered, wouldn't it be wise to keep interest rates LOW (bullish bond prices) in the *hopes* of fueling some kind of recovery (labor, etc..)
Once we see a POSITIVE turnaround, it is then that I think the Fed will begin their tightening. I thought that the wording in Jan was just in preparation for this, so come mid or late 04, when they HAVE to tighten, they wouldn't surprise the crap out of everyone. I don't think I've seen a positive turnaround yet, and there's more numbers coming out that should confirm or bust my idea..
Also, don't forget Alan's speaking tomorrow and Wednesday I believe, may want to keep a heads up for notable comments.
Just my 2 cents guys....
The Bond market while not very strong is in an uptrend...higher lows.
Also, with the g-7 folks basically telling everyone that they may keep intervening and buying our Dollar and the Fed basically saying to the world..esp. the ECU that it's our currency but your problem
Bonds have alot going for them for the upside. Also, remember that by the time the Fed does raise rates the market may have priced them in.
I am trading this market from the Bull side for the near future. They have been very resilient to date and with the big auction of paper this week, hopefully we will see a strong foreign demand come in.
Peace out!
The Bond market while not very strong is in an uptrend...higher lows.
Also, with the g-7 folks basically telling everyone that they may keep intervening and buying our Dollar and the Fed basically saying to the world..esp. the ECU that it's our currency but your problem
Bonds have alot going for them for the upside. Also, remember that by the time the Fed does raise rates the market may have priced them in. I am trading this market from the Bull side for the near future. They have been very resilient to date and with the big auction of paper this week, hopefully we will see a strong foreign demand come in.
Peace out!
Don't mean to interupt, I trade the open that way.
Michael B.
Michael B.