Jaolsa
We will see it all in hindsight, lol.
Although not really into bonds back in '87, I recall that that seemed to be the key back then.
Every day rates seemed to rising with little explanation.
I don't think there is any one with experience who doesn't expect this nonsense to end badly, at least I haven't heard one yet.
The only difference seems to be when !
Is it now, or Sep or next May or 2010 or 2012.
I still think the main thing is to have a hard and fast mechanical trigger both ways with short term parameters.
If the market is going higher it will only get steeper so a short ma is good for me.
Can't see it myself but not stupid enough to fight it.
What is it that will keep people in while the market declines?
Will it be economists or pollies talking it up or just the distaste for paying tax or just ignorance or some blindside event.
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