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Post# of 704047
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Sherlock356

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Sherlock356

Re: Ace Hanlon post# 109230

Monday, 05/19/2003 7:57:05 PM

Monday, May 19, 2003 7:57:05 PM

Post# of 704047
George, as I posted before, I believe a large part of the bond rally (and hence the disconnect with equities) was shortcovering when the Fed indicated it would not hesitate to buy intermed and long bonds to pump liquidity. Perhaps the shorts are finished covering? Also does the US$ chart today look like a gap-down reversal type pattern?
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