Wednesday, May 31, 2006

BOND MARKET MAYHEM...

It's down....

It's up....

No wait...

Clearly, the FED is doing EXACTLY what was predicted on this board...months ago.

Textbook Economics: 1

Hypersters: 0

Essentially, predicting this market only requires the ability to read and understand basic economics...and also remember a little bit of market history. And then stick the two together in a synthesis that makes sense.

But, shhh.... Let's let them think it's miraculous...