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I understand what your saying but he was using yields so both were going
down. He said it was the strongest correlation he has ever seen 6.5%. If it
worked for the past ten years then it does point to deflation as opposed to
inflation. The Feds have changed bias to tighten 15 times in the past but
only did 3 times. This could be very valuable information if it's to be
believed.
Robert
At 10:21 PM 5/25/1999 +0100, Rus Newton wrote:
>I imagine if you take one time series that has gone down pretty much in a
>straight line for 10 years and correlate it with a time series which has
>gone up in a straight line for 10 years you'll see a good correlation.
>Doesn't mean there's any causality there.
>
>-----Original Message-----
>From: Robert Cummings [mailto:robert.cummings@xxxxxxxxxxxxxxxx]
>Sent: 25 May 1999 21:13
>To: Stewart Taylor
>Cc: Robert Cummings; Omega-list@xxxxxxxxxx
>Subject: Re: BOLLINGER
>
>
>
>Hummm okay then I missed that part only saw where he was showing the
>correlation between gold and bonds thought it was his work.
>
>Robert
>
>
>
>At 03:03 PM 5/25/1999 -0500, Stewart Taylor wrote:
>>
>>He mentioned the article by Alex Saitta in the Feb. Stocks and Commodities.
>>
>>
>>At 02:54 PM 5/25/99 -0500, Robert Cummings wrote:
>>>
>>>He was just on CNBC and said gold forecast bond yields by 9 months. He did
>>>a 10 yr study and it was amazing and if it holds true bond yields are
>>>headed for new lows.
>>>
>>>Robert
>>>
>>>
>>Stewart Taylor
>>Taylor Fixed Income Outlook
>>Voice: 501-219-9774
>>Fax: 501-228-0963
>>E-Mail: staylor@xxxxxxx
>>Web Site: http://www.cei.net/~staylor/
>>
>>
>
>
>
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