06-30-2002, 11:42 AM
took my profits in tresuries. good quarter especially compared to s&p. i think wildbills trepidations are valid about govt bonds. still think dollar is going lower for now. against yen, euro, and british pound for sure. looks like canadian dollar is picking up steam. aussie dollar seems to be in tradin range. reserve bank of australia might raise interest rates this week. if so id expect aussie dollar to break out of tradin range on upside. just tryin to hedge against a serious run on dollar if it happens. british pound is my favorite. using money to hedge on dollar and buy some US financial equities. not that anybody cares just pointing out that im redeploying for record. wish i would have shorted qqq when i was tempted. might get a short term rally in qqq and spy. if so ill take a short position. RRRRRRRRRRRRR!!!!!!!!!!!
might find this text of speech by prez of st. louis fed reserve bank interestin:
http://www.stls.frb.org/general/speeches/010410.html
might find this text of speech by prez of st. louis fed reserve bank interestin:
http://www.stls.frb.org/general/speeches/010410.html