Easiest free money I've made. I'm still holding my long, I think they will take the 30 year yield down to 3 before the next bounce.
Nice Call. Yield at 4.14 on 11/18 Today 12/4/08 Index Value: 3.103 Trade Time: 2:37PM ET Change: 0.081 (2.54%) Prev Close: 3.184 Open: 3.15 Day's Range: 3.07 - 3.175 52wk Range: 3.17 - 4.813 What's the signal to get out?
I closed the rest today. Getting at the 3% level. I'm not sure when profit taking will happen, but that seems a good level. Get ready for a sell off soon, coincided with a massive stock market rally. All those inflated dollars will flood into the stock market and economy. Banks have been riding along. This was a quick way to re-capitalize the banking industry.
A massice rally is around the corner in commodity/energy stocks to likely coincide with the popping of the bond bubble. PLEASE could someone provide ASAP a list of the INVERSE funds of XLE and OIH that have a massive leverage and which allow shorting? Time is running short.
Time to get back into the 30 year. The yield is back above 3% today. The fed is going to watch Tuesday's 10 year auction to see how much firepower they need. By Wednesday, you'll see the 30 year yield back below 3. I have a target of around 2.7% on the yield, or about 139 on the futures. My entry is at 133 on zbh9. Quantitative easing has only just begun, part of the strategy is for the fed to keep the rates pinned for a specific period of time.