Discussion in 'Trading' started by DeepFried, Oct 31, 2005.
Is this rally sustainable? Oil's decline seems to have erased any fear of the Fed. Whaddya think?
Volume comes in we go down...
vol dies market rockets up...
all aboard the smoke and mirror train$$
When short rates go to 4% tomorrow, the 10 year treasury will be about 4.5% so the yield curve is getting flatter. Oil's only down a couple of bucks, it hasn't made a substantial decline. The GDP was 3.8% - higher than the Fed would like. And the financial press is saying "here comes the year-end rally!"
I'm not saying I know where the market's going but it seems like a year-end rally still has a strong head wind to fight against. Maybe I'm just looking at it all bass-ackwards.
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