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There seems to be some misinterpretation of my comments ... readers seem to
be reading the first part of my comments (as quoted) and skipping over the
remainder: "Since I don't see a major economic recovery in the immediate
future and don't see further significant rise in inflation, I am assuming
that this is
one of those times when the wave structure is providing bad information."
I have been a buyer of bond funds for a long time now and am supplementing
and replacing bond fund positions directly with bonds.
Earl
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, July 08, 2001 8:54 AM
Subject: Re: [RT] S&P Moment of Truth
> Earl,
>
> >
> > Under the circumstances, investors will likely find reward by remaining
> > defensive with a good measure of bonds. Unfortunately, the wave
structure
> in
> > bonds, looks rather weak suggesting the bull market in bonds is over and
> > higher rates lie ahead ...
>
> Is higher rates ahead bullish for bond investors? I don't understand this,
> please help: if I want to own treasuries, would I wait for the yield to
rise
> to maximize my return? If so, is a sell-off in bonds a buy? How does an
> investor market-time bond positions?
>
> The other question I have is, if S&P heads to the lower targets, why would
> bonds go lower, raising yields?
>
> Thanks,
> Michael
>
>
>
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>
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