this is not why the dows up

with the script below of general consensus and ford's responsibility to millions of workers direct and indirect, yet can blow billions like candy floss, the reason for the dow will have to be asked elsewhere. cos this definitely isn't it.

with just 12 trading dasy to nov 7th
gold has to fall
oil has to fall
dow has to rise

it's the economy stupid. daddy bush said so.

nov 7th here we come.

common sense will follow. eventually it will. the market will win in the end. not the ppt.

read the last line carefully in this post. very carefully.


40


BOND REPORT
Treasurys weaken ahead of Fed meeting

PrintE-mailDisable live quotesRSSDigg itDel.icio.usBy Leslie Wines, MarketWatch
Last Update: 10:59 AM ET Oct 23, 2006


NEW YORK (MarketWatch) - - Treasury prices weakened Monday morning, pushing up yields, as investors behaved warily ahead of Wednesday's Federal Open Market Committee decision on interest rates.
The benchmark 10-year Treasury note was down 9/32 at 100 12/32 with a yield ($TNX : CBOE 10-Year Treasury Yield Index
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Last: 48.28+0.44+0.92%

11:06am 10/23/2006

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$TNX48.28, +0.44, +0.9%) of 4.828%, up from 4.788% at Friday's close. Prices and yields move in opposite directions.
The 30-year long bond fell 21/32 to 93 with a 4.952% yield ($TYX : CBOE 30-Year Treasury Yield Index
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Last: 49.53+0.49+1.00%

11:06am 10/23/2006

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$TYX49.53, +0.49, +1.0%) .
The 2-year note fell 3/32 to 99 15/32 to yield 4.910%.
With no economic data or speeches by Federal Reserve officials on tap, fixed-income market participants are likely to spend Monday's session assessing the outlook for interest rates.
"Fedspeak will take a back seat to the FOMC meeting, with speakers emerging late in the week, given the constraints of the Fed's unofficial blackout period on policy references," said Action Economics.
The Federal Reserve's monetary policy committee will unveil a rate decision on Wednesday.
"The Treasury market is trading lower this morning as traders evidently want to clear the decks before the beginning of the two-day Fed meeting tomorrow," said Kevin Giddis, managing director of fixed income at Morgan Keegan & Co Inc.
Bond market participants generally expect the Fed to leave rates on hold this week. However, the market is less certain than it was last month that a rate reduction is on the way.
The Fed this summer paused twice in the rate-tightening cycle, leaving the key overnight rate at 5.25%. Previously, the central bank raised the benchmark fed funds rate by a quarter of a percentage point 17 times in a row between June 2004 and June 2006.
Some unexpectedly strong economic data and inflation reports have prompted speculation that the Fed will remain vigilant on interest rates to slow price growth.
At 1 p.m. the Treasury Department will auction $7 billion in 5-year Treasury Inflation Protected Securities. Repositioning ahead of the auction is compounding the selling pressure on Treasurys.
Prices also were pressured by an overnight news report that said a confidential Federal Reserve study called the "Greenbook," prepared for the August FOMC meeting, said central bank staffers believe that new growth estimates may lead to more rate increases, according to Kenneth Logan, a Treasury market managing analyst at Thomson Financial IFR.
In August the Fed workers apparently revised their views on how much the economy is able to grow before inflation increases.
Their views challenge the vision of an economy featuring fast growth and contained inflation that many analysts have accepted as fact in recent years, Logan said.
However, Logan also said he believes Monday's pressure on Treasury prices cannot be sustained for long after the Wednesday FOMC meeting, even with more rate increases.
In his view, the "global savings glut," a phrase coined by Fed Chairman Ben Bernanke, will continue to funnel money flows into the bond market, despite central bank policy and economic data.
"Our take is that there is a conundrum between what the Fed is trying to do and the global glut," Logan said. "There is a lot of buying of Treasurys, corporate debt, agency bonds and European bonds. This is confusing the landscape. People are trying to use the traditional analysis. But our view is that there is a disconnect here."