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October 2, 2006
PIMCO, Vanguard & Loomis say bond rally is over, Mon., Oct. 2, 2006, 8:14 AM
I guess the Bond Kings & Queens were reading the Week In Review this weekend because I see they now are saying the same thing: bonds have peaked for now.
Bonds: Bonds getting a little over-bought here with Weekly data RSI 7 up into the mid-70's-low 80's range. The opening on Monday (25th) may have been the peak for this cycle. -------WIR #39
The equity market has been propelled to new highs by (i) lower energy costs, and (ii) lower cost of mortgage money. What happens if, as and when these cost trends reverse?
Posted by Posted by Bill Cara on October 2, 2006 08:14:41 AM | Category: Bonds