Go to the Amazon.com link below for TIMING THE MARKET by Deborah Weir (Wiley, 2005).
Email: DebWeir@WealthStrategies.bz
Take her class at the NY Institute of Finance: nyif.com/courses/fimk_1014.html.
Friday, March 10, 2006
Weir will teach one-day seminar: "Portfolio Management Basics" at Advisors Education Group in NYC on March 17 and May 12. www.AdvisorsEducationGroup.com
3 comments:
Anonymous
said...
The 20 year and 30 year bond are inverted. I'd like your input on this.
The 20 year and 30 year are often inverted without a recession.
Pension trusts and life insurance companies with 30-year liabilities buy these issues in sufficient quantity to depress yields. This is especially true if there is any chance of lower inflation in the future. Because we didn't have any new 30-year bonds for many years, there was a scarcity value on them.
This part of the curve usually inverts first before a recession, so I always include it in my analysis and prefer to see it normalize when adding to an equity position; you just don't always have that luxury. Deborah
3 comments:
The 20 year and 30 year bond are inverted. I'd like your input on this.
I liked your book. Would you wait until all three of your sell requirements are met (page 84) before reducing your equity allocation?
The 20 year and 30 year are often inverted without a recession.
Pension trusts and life insurance companies with 30-year liabilities buy these issues in sufficient quantity to depress yields. This is especially true if there is any chance of lower inflation in the future. Because we didn't have any new 30-year bonds for many years, there was a scarcity value on them.
This part of the curve usually inverts first before a recession, so I always include it in my analysis and prefer to see it normalize when adding to an equity position; you just don't always have that luxury. Deborah
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