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Marlowe Cassetti wrote:
> I believe that the Fed has no choice but to hike. This month and August
> will be its last
> chance before the election and the economy has showed no sign of slowing.
> It cannot afford not to hike. Greenspan has tolerated high valuations in
> the equity markets and now he thinks that he is doing us a favor to trade
> off unrealistic valuations for his relentless inflation fight. Fifty basis
> points could be the right number for its last rate hike of the year. Just
> my guess.
>
> Marlowe
Instead of predicting based on opinion, why not look at the $IRX, $TNX,$TYX.
They tell the tale. Do you see those yields dropping like rain from the sky.
Forget all these CPI, PPI, New Housing, EMPLOYMENT figures which try to show
how scientific the Feds oracle of Delphi is. The Bond yields shows what the
consensus out there thinks.
Regards
Shawn
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Ricercar Fund /SA "Quarendo Invenietis"
http://www.RicercarFund.com
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"It is not how right or wrong you are that matters, but how much money you make
when right and how much you do not lose when wrong." ... George Soros
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