Friday, January 06, 2006

Random Thoughts

Bonds not reacting to weak jobs......yet
High yield funds rebounding from end of yr selling..today as well
End of rates rising now strongly telegraphed.....high yield funds given present?
Everyone already knew fed agenda, 2PM rally Tuesday transparent reaction to...what
70% program trading.....no reality in mkts
MARCH screams of no return deadline.
Weakest recovery still per wage and work week advance
40 month bull MUST be near last leg
RYDEX funds show GULF of bullishness per flow of funds
http://research.stlouisfed.org/publications/usfd/page3.pdf WOW, but peak from Sept still stands

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