Replies to post #144702 on Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

Yes the bond action is very bad. Quite weak in a sluggish stock market. A strong stock market rally could touch off a mini panic in bonds with the potential for massive derivative problems.

Frankly I suspect AG knows this and does NOT want the stock market to rally much further right now.

[Joe Stocks]

>>The "recovery" is far too weak to withstand higer rates at this stage.<<

Agreed. I think Christmas buying will be a bust without all the new refi money. Cash out on Refi this year so far are running $50 bil. Looks like that will drop substantially for 2h03. Recession by 1q04 IMO

[Justa Werkenstiff]

M; TNX may take a few days to build. It seems like it would be a spike in a topping action at this point.