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Fred Bender wrote:
> Bill Saxon wrote:
>
> > I felt I could simplify my life by transferring all my sector money
> > from Fidelity to Rydex.
>
> That you find no sector funds you would want to own only confirms that we
> are in a bear market. <snip> Best stay in cash or bonds, until this
> thing runs its course, I'd say.
>
> Best,
> Fred
I agree for the long term on the bonds I have not altered my allocation to
them for my long term money. Although I did move some to Montgomery Short
Duration Bond Fund for now.
Short term my guesstimate for long term treasuries is something else. Bonds
became so overbought that they defied the old saw, "Trees don't grow to the
sky". They have been pruned a lot but I think the tree surgeon is still at
work. Interest rates are arguably one of the toughest calls to make, but I
am short term bearish and put some bucks in Juno last week. If I had any
balls and were they brass I would short Zeros. I may be a little late, but
I don't think so. A major trendline from the middle of August has been
broken. There would appear to be support about 120 to 125 on the long bond
but that is a ways down.
The ins and outs of the fundamentals are just too much for me to understand.
I do better with stocks and mutual funds than with bonds and would appreciate
any opinions.
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