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.
Wednesday, October 25, 2006
For the last two months, Nasdaq short positions set new record highs. (See Oct. 25 WSJ p. C11.) Such extremes often accompany a turning point...in this case a continuation of the last two month's market advance.
2 comments:
Anonymous
said...
Deborah, I enjoyed your book and I enjoy your comments. Does the inversion of the 1,3,6 month T-bill (secondary market)curve on H-15 give you pause?
Dear Ivan, It certainly does. Also the inversion between 3 mo. and 10 years. If quality spreads were increasing (an indication that rates in general have peaked), then I'd sell stocks. Quality spreads are narrow so interest rates are too low to cause a recession. Also, the President callled up troops at the end of July. This kind of fiscal stimulus usually drives the stock marekt to new highs...which it has done. Good question.
2 comments:
Deborah,
I enjoyed your book and I enjoy your comments.
Does the inversion of the 1,3,6 month T-bill (secondary market)curve on H-15 give you pause?
Ivan
Dear Ivan,
It certainly does. Also the inversion between 3 mo. and 10 years. If quality spreads were increasing (an indication that rates in general have peaked), then I'd sell stocks. Quality spreads are narrow so interest rates are too low to cause a recession. Also, the President callled up troops at the end of July. This kind of fiscal stimulus usually drives the stock marekt to new highs...which it has done. Good question.
Best,
Deb
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