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Flight To Safety Is Back - 1 Month Bill Is Now Negative
The one month T-Bill is now trading negative (-0.01%). Year end window dressing is either woefully early or late. Flight to safety is woefully right on time. Lehman redux.
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Is this similar to what happens during an earth quake where various animals all run in one direction thus indicating you too should run?
nice metaphor.....
Thank you.
Yea, but run to what? I've been reading you for a long time DH. You match almost exactly my age, background, etc.
Do you think we are in danger of another money market run for fears of "breaking the buck" again on various money market mutual funds? We now have no FDIC back up on them. And the talk of reverse repos on money markets scares me as well.
I'm tired of running. Where to next?
I stopped keeping money in money markets quite some time ago. Is there a danger of another mm run, buck break? absolutely yes, there is that risk. in my trading acct at ML, all funds are swept to an FDIC insured account. frankly, i am comfortable leaving funds in an FDIC account.
wait for a confirmation GH, if we breakdown and the S&P goes below 107, then yeah take some safety in cash... if you start to run today go out a bit further on the curve but keep tight stops or just play it smart and stay in cash, too much going on to engage in herd behavior.
Thanks for the advice.
http://www.liveleak.com/view?i=b4a_1263386370
Cedric the entertainer on running (herd mentality) Enjoy!!!!
http://www.youtube.com/watch?v=MIWIqmijLIY
Cedric is funny, funny, funneeeeeeey!
Maybe the deer standing in the road staring frightened at the oncoming headlights just got plowed, and that scared the herd into a stampede.
Look out below...
http://www.jubileeprosperity.com/
If the 10 year experiences a technical breakout (on price) below 3.57% yield, TLT is close to breaking it's 50 day sma as well.... bond land is getting sexy today and my mouth is starting to water as the premium kicks up in those calls.... :) 3 days in a row TLT has tried to break out above $92 to get slapped down.
lol - i ve been sleeping very well lately, betting against risk, with a great entry point north of 3.8 on the 10 yr, and finally being aligned with the government.
it feels good to no longer be a martyr.
LOL Oso....
I get what you're saying :) Should be interesting end to this week... I would love to see a meltdown smacking the poop outta the bond shorties :) I just hope they don't try to sneak in the debt limit raise during this sideshow.
this means money market accounts are not considered safe anymore. otherwise why would someone pay more just to receive his own cash 1 month later
Why would anyone in their right mind want to do this for 6 months running. Oh, that's right, to insure they actually can get their cash back. Of course unless your Chinese, from Singapore, Hong Kong, Indonesia, Malaysia, Thailand, Vietnam, India, or the Middle East you'd go long into equities. Otherwise you want your damned money back.
TBF is a safe alternative long term retire comfortable investment !! just kidding...nothing is safe in BB days !!
Anyways, check out Robert Schiller's interview with Becky Quick on CNBC. If he is so confused wonder how the rest of the wunderkids are doing. The poor guy stops short of saying - RUN TO THE HILLS & I dont know what to put my money in !!
The last time this happened someone went bankrupt.
I think that this happened right before the Duabi fisaco.
Kanjorski is national disgrace; living proof that with age doesn't come wisdom. There would be national choas and security threats if this deal was not done? Insulting on every level
Someone has to push the "end of the world" arguement and it might as well be him.
Its not a valid arguement but we all knew it would be made.
And just in time to auction 5 year and 7 year notes.
Just in time to auction 5 and 7 year notes.
<yawn>
Doesn't matter. As long as the Treasury is concerned, mission accomplished.
Double Post.
this should be considered a short term indicator to go long and over sold
*ROFL*
Nothing that a printer wouldn't solve so far.
Anyone experiencing problems accessing the links on the home page to the posts?
No, just having Google ads lock up my computer. What's the point of having an ad that causes readers to abort the site?
Where would you put your own $10,000,000 for the next month given that banks are so unsafe?
if you had $10mil in the bank?
Go to cash and buy a safe. Btw, you'd bankrupt the bank.
Where would you put your own $10,000,000 for the next month given that banks are so unsafe?
Gold
next month, next year, next decade
20 years from 1980 to 2000 was a long
time to wait. Next time may take
longer...
http://www.jubileeprosperity.com/
http://www.treasurydirect.gov/instit/annceresult/press/preanre/2010/R_20...
Interesting results, over 50% indirects.