|
PureBytes Links
Trading Reference Links
|
Dear Norm,
Great post...I am trying to figure ou its implications since I know you do
not post capriciously.
Tidbits:
My barometer on Bonds is PIMCO Total return. Its price was less than 11 in
oct '02, hit 12 in June and now is around 11.50.
I think the market is in a groping stage...still with some good values.
And man, I sold my China stocks too soon.
I am looking seriously at WM.
Also scuttlebut is WMT is going into the used car business.
Sincerely,
John
>
>
>
>
> Dec. T-Bonds - SPY (S&P 500 Spyders)
>
>
>
>
>
> This is the spread between Dec. T-Bonds and Spyders which is the S&P
> 500 divided by ten. This shows what approximately equal dollars, in
> this case long T-Bonds and short S&Ps has done. Please note the nice
> inverted head and shoulders bottom and that now the market has broken
> out to the upside. This shows that the asset allocaters are selling
> stocks and buying bonds. The chart pattern indicates that this trend
> is likely to continue until the spread gets to a minimum of 12 with a
> good possibility for the 16 - 18 level.
>
> During the past six months, the high was 30 and the low was 1. The low
> occured
>
> the first week of Sept. 2003.
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|