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True they are not lending money to corps, but they are lending
more and more money to people buying homes. And the county valuation (and
therefore the taxes that I pay) on my home has doubled in the last 5
years. And we all know that Atlanta is not unusual in this regard.
Then theres credit cards. Not a lot in terms of dollar amounts, but if
enough people begin/continue going beyond their means...
The big banks have been caught off guard by a lot of companies
drawing down their revolving credit lines, but they need to get back to lending
to get the economy moving again.
Kent
----- Original Message -----
From: <A
href="mailto:prosys@xxxxxxxxxxxxxxxx"; title=prosys@xxxxxxxxxxxxxxxx>M. Simms
To: <A href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, August 16, 2002 10:31 AM
Subject: RE: [RT] Bond Bubble?
But Kent, the
banks are NOT lending money.....the spread between corporates and treasuries is
wide enough for a Mack truck to go thru !!!!
What are the
banks doing ? <FONT color=#0000ff
size=2>TRADING !!!
<FONT color=#0000ff
size=2>
With the CIA, and
now the banks, the entire country is stepping up to the poker table....and SSF
hasn't even been rolled-out !!!
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<FONT face=Tahoma
size=2>-----Original Message-----From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]Sent: Friday, August 16, 2002 2:22
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Bond
Bubble?
That should keep the housing market/bubble going.
Insana had Robert Kessler tonight. A few years ago when he was on,
he cited a study that showed the market cap of Microsoft was worth all the
farm land in the mid-West. "Unsustainable", he said. Tonight he
pointed out that the 40 year high in bonds that we are now bumping up against
was at the time (early 60's) a 30 year low. When you fill a glass up
with water, everything looks backwards.
More debt for the banks, lower interest rates for their
earnings, they'll be looking for other sources just like the accountants
were. Did I mention more debt for the banks? God, I sure hope
there is a collapse this year. If we don't have one soon,
when things finally do break, it could be the Dark Ages for the
Third Millenium.
Kent
----- Original Message -----
From: <A
href="mailto:profitok@xxxxxxxxxxxxx"; title=profitok@xxxxxxxxxxxxx>profitok
To: <A href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Cc: <A href="mailto:gannsghost@xxxxxxxxxxxxxxx";
title=gannsghost@xxxxxxxxxxxxxxx>gannsghost@xxxxxxxxxxxxxxx ; <A
href="mailto:dorothy.carter@xxxxxxxx"; title=dorothy.carter@xxxxxxxx>Dorothy
Carter ; <A href="mailto:vdonovan@xxxxxxxxxxxxx";
title=vdonovan@xxxxxxxxxxxxx>Vincent DONOVAN
Sent: Thursday, August 15, 2002 5:52 PM
Subject: Re: [RT] Bond Bubble?
Ultimate High 120-12016 circa
3/2003 , 120 for June
contract,
and between 10916 and
120 a few round trips to 112 114 116
118
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ray
Raffurty
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx ; <A
href="mailto:gannsghost@xxxxxxxxxxxxxxx";
title=gannsghost@xxxxxxxxxxxxxxx>gannsghost@xxxxxxxxxxxxxxx
Cc: <A
href="mailto:dorothy.carter@xxxxxxxx"; title=dorothy.carter@xxxxxxxx>Dorothy
Carter ; <A href="mailto:vdonovan@xxxxxxxxxxxxx";
title=vdonovan@xxxxxxxxxxxxx>Vincent DONOVAN
Sent: Thursday, August 15, 2002 11:05
AM
Subject: Re: [RT] Bond Bubble?
Hi Ben,
It is quite possible we will both be right,
just on different time frames. I know you are a nimble trader with
plenty enough savvy to know when to hit the sell button (a nimble old
fox {;-). My concern is for those who are less sophisticated and will
get hit again in the 401-k's.
What is your up side target from
109?
Good luck and good trading,
Ray Raffurty
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:profitok@xxxxxxxxxxxxx";
title=profitok@xxxxxxxxxxxxx>profitok
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx ; <A
href="mailto:gannsghost@xxxxxxxxxxxxxxx";
title=gannsghost@xxxxxxxxxxxxxxx>gannsghost@xxxxxxxxxxxxxxx
Cc: <A
href="mailto:dorothy.carter@xxxxxxxx";
title=dorothy.carter@xxxxxxxx>Dorothy Carter ; <A
href="mailto:vdonovan@xxxxxxxxxxxxx"; title=vdonovan@xxxxxxxxxxxxx>Vincent
DONOVAN
Sent: Thursday, August 15, 2002 10:41
AM
Subject: Fw: [RT] Bond Bubble?
HelloRay
I am your age too
54
I agree, However
Will be a buyer at 109
Ben
----- Original Message -----
From: <A
href="mailto:r.raffurty@xxxxxxxx"; title=r.raffurty@xxxxxxxx>Ray
Raffurty
To: <A href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, August 15, 2002 10:12 AM
Subject: [RT] Bond Bubble?
In my short 53 years on this planet, I have
only learned one thing for sure... What goes up must come down and if it
goes parabolic it comes down just as fast and furiously. Remember
the dot com everyone HAD to own? The great masses are, as usual,
panicking into bonds just as the economy begins to recover. There
may be some more upside, but I wouldn't go un-hedged. The chart says
it all.
Good luck and good trading,
Ray Raffurty
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