Ten year rate chart. Blame Greenspan. He overshot on interest rates.
http://www.marketwatch.com/tools/quo...&freq=1&time=8
Ten year rate chart. Blame Greenspan. He overshot on interest rates.
http://www.marketwatch.com/tools/quo...&freq=1&time=8
I'm looking for the CRB to rollover soon and even if it doesn't gov't inflation rates will be low in the US next year. Bernanke said so..
http://futures.tradingcharts.com/chart/CR/W
i think the ten year is in a down trend that has little to do with the fed rate.
http://www.cbot.com/cbot/pub/page/0,...bardensity=LOW not that i was a fan of greenspan, but i don't expect miracles from the fed, bernanke or no bernanke
what's so funny about peace, love, and understanding?
Erational Exuberance anybody?
Greenspan all though obviously a very intelligent man, was not the best. How about him knee jerking rates up for a "soft landing" in 99, only to do an immediate 180? 7.5% muni's were the best trade of 2000.
I work specifically in financials and financial stocks were cheap on Weds, now they are trading very close to August 1998 valuation levels. If I liked something at $30 on Weds I love it at $26 on friday.
In general I think stocks are still cheap vs. historical valuation metrics. Maybe its not the bottom but its going to be close. Too many doom and gloomers out there and its opening up alot of buying opportunities.
Last edited by CUBUCK; 07-27-2007 at 07:40 AM.
well, you've got the credit market, which is in ruins right now.
meanwhile, we can't get any issues done, and deals are falling apart.
and news issue are Libor +7% + - that translates into a 13% - 14% coupon on the new LBO deals. NO WAY! You've got 350 Billion dealing that need to be funded... banks are eating shit. Can't get anyone to buy the debt.
it's a very bad situation, i've heard money markets are in trouble too, how is that for a clincher?
You and your hearsay.
You think JPM wants to get shut out of another $20 billion dollar PE IPO? These deals will get done because no bank wants to see that steady flow advisory and underwriting fees from PE dry up.
Lets just look back at this at the end of the year and see what happens
Wow. I know jack shit about the market. It's like watching two guys argue in japanese.
Let me just ask my q: Would you get in on a commodities fund right now?
SELL SELL SELL SELL SELLL!
"It is not the result that counts! It is not the result but the spirit! Not what - but how. Not what has been attained - but at what price.
- A. Solzhenitsyn
Street whores!!! All of you!
Last edited by 4matic; 07-27-2007 at 10:04 AM.
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