We used to have fun commenting about the bond market, including Treasuries, Mortgages, Municipals, and Corporates. But that was before the dark times. Before deleveraging.
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I gotta say that the people I talked to yesterday afternoon didn't really seem that excited about the rally. Everyone is just assuming we give it all up later in the week. Hopefully the huge amount of bearishness really will be a contrary indicator...
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I gotta say that the people I talked to yesterday afternoon didn't really seem that excited about the rally. Everyone is just assuming we give it all up later in the week. Hopefully the huge amount of bearishness really will be a contrary indicator...
ReplyDeleteI brought my rally monkey to the trade desk last week.
ReplyDeleteThat's why I called it a fantasy...
ReplyDelete