Sent: Friday, May 08, 2009 9:41 AM
Subject: StockTiming: "That will hurt ..."
That's going to hurt ...
30 year yields and mortgage rates go hand in hand. The
Fed has had a mission to drive down 30 year mortgages down to "a target" of
4.25% to 4.5%.
On our Advanced Subscriber site, we have been saying that: "As
the Fed tries to drive down rates to below 4.5%, they are creating a bond bubble
that will have a bad ending."
If you have not been paying much attention to 30 year yields,
it is time to realize what is going on.
A very significant event has just occurred.
Please click this link to go to today's
stock market update: http://www.stocktiming.com/Friday-DailyMarketUpdate.htm (If
you are having trouble with the link, copy and paste it in your
browser.)
Regards, Marty
Chenard StockTiming.com 80 Botany Drive Asheville, NC
28805 Tel: 828-296-1200
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