Thursday, March 20, 2008

What if this is the bottom?


Lets face it. GS will never go down. As soon as the March Crude Oil contract expired, Oil dropped $10. Same thing with Gold. Meanwhile, the 2yr bond isn't any lower after the 75bp cut. The Euro has retraced and commodities are declining. Is this too good to be true?

What if-
Commodities deflate
The US dollar rebounds
The US stock market rallies
Bond Yields go back up

I'm looking at the 13 week treasury bill. This may be all time lows on it. Hitting a low of 0.20 today. If I could buy it, I would. What does this low on ^IRX mean? I have no clue, except that we may be setting up for a reversal. A reversal where bond futures retrace off there highs and the US stock market poses a bull rally of epic proportions.



HPT's word of the day-
EPIC- (definition)-
very imposing or impressive; surpassing the ordinary (especially in size or scale);

Used in a sentence- The decline in Gold the last 2 days has been of epic proportions

1 comments:

Anything-Goes on 7:29 PM said...

nice, hope it doesnt turn out to be an epic BS. jk lol

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