Wednesday, June 02, 2010

THE MARKET RALLIED BLAH BLAH BLAH

Annalyn Censky, staff reporter, On Wednesday June 2, 2010, 2:09 pm EDT

"The corporate bond market is in the middle of a slump as the appetite for riskier assets has once again dwindled.

No companies issued corporate debt on Friday -- the day before Memorial Day weekend -- and only five sold bonds the day after the long weekend, according to Dealogic, a financial analytics firm. The last time that happened on a trading day was Sept. 4, 2009 -- the Friday before Labor Day weekend.

While this could be partially attributed to the Memorial Day holiday, the slump in corporate bond sales, coupled with rising prices to insure those bonds against default, could be signs that credit markets are tightening again. "

*Folks, prices go up, prices go down, they go up. EVERY rally is buoyed by faltering volume. Until I see technical data to the otherwise, this is all in reaction to the Tuesday 90% down volume day which is usally followed by 2-7 days of rally.

WHO knows maybe good jobs report Friday, BFD Apple is selling their glorified book-mobiles, people will buy anything if you advertise it enough even Taco Bell.

"Geico will save you 15% or more...." maybe they do but I saved near 50% giving ALL STATE my car and home insurance business. The IDIOTS I was with for 20 years never even called to fight......and I was nice enough to let them bid even though they were hosing me.

YOu can't get SHIT (I got dirty mouth) for yield, this is REDICULOUS!!!!!! OLD folks getting HOSED! We're ALL getting hosed.

LOW LOW LOW yield is a deflation theme, its a worried theme.

ALL this rally? and LIBOR rates have NOT come back down.....I find that worrisome.

What is LIBOR?

"The London InterBank Offered Rate, or LIBOR, is the average interest rate charged when banks in the London interbank market borrow unsecured funds from each other."

And things are so stinking rosey, why the hell is the FED sitting with ZERO INT RATES STILL? More like LIFE SUPPORT!



Duratek

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