Friday, July 11, 2008

The United States of Bailouts.


I can tell you that with the window now open to these derelects (Fannie and Freddie), the fate on the dollar is now sealed. The bond market now smells the rot and so do I. I am getting long 1 unit here of the Ultrashort 20 yr treasury, ticker TBT at $68.60 with a stop at $65.69.
Jim Cramer call rant and rave all he wants. This is a bear market rally which has now ignited the bond market.

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