Finally, as energy prices have begun to decline and as interest rates have recently come off , the consumer’s endless energy to “shop until you drop” may once again be revitalized.
Then, there is also a technical reason for my renewed caution about holding longer dated Treasury securities. At the end of August, Large Speculators held record net long positions of Ten-year Treasury Future Contracts – indicating too much bullishness among these market participants.
Based on these indicators, investors should, now, not at all be falling in love with bonds based on a recessionary scenario, but they should actually be selling bonds aggressively...
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Source:- IIPM Editorial
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Tuesday, December 05, 2006
“shop until you drop”
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