Stocks seemed to have found their equilibrium. How else to explain the lack of movement? [/sarcasm]
Entries from October 2010
October 28th, 2010 · 2 Comments
October 27th, 2010 · 4 Comments
Apparantly I am no longer the only person who thinks QE is bad for bond prices. Fed Easing to Signify End of Bull Market, Gross Says Oct. 27 (Bloomberg) — Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co., said a renewal of asset purchases by the Federal Reserve will […]
October 26th, 2010 · No Comments
The 1 13/32 move down in the T-bond today increases my confidence that the secular low in interest rates was seen on October 8. There seems to be a unanitmity of opinion that further Quantitative Easing guarantees a bid for bonds in future months. I don’t agree.
October 25th, 2010 · 1 Comment
The market seems to either be ‘guessing’ or ‘assuming’ what the effects of another few trillion of Quantitative Easing will be on various asset classes. Today’s reversal in a number of markets suggests those guesses and/or assumptions may be wrong.
October 21st, 2010 · 1 Comment
We’re watching the 10-yr yield very closely.
October 19th, 2010 · 1 Comment
The markets are moving from a relatively stable state prior to 10/10/10 to an increasingly unstable state now. This is the larger factor that must remain in focus.
October 17th, 2010 · 1 Comment
October 14th, 2010 · 6 Comments
It’s still all about interest rates.