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Subject:  Re: A Market Top for Bonds? Date:  5/8/2013  3:59 PM
Author:  bestaluck2u Number:  34904 of 36384


For kicks and giggles I took a look at the CBOT Bond futures charts for the nearby weekly and monthly contracts. Those showed last weeks high did not surpass the previous highs for the future contracts. Today still looks like this rally was a failure swing. If that is the case the bond futures could well have topped out last year. On the other hand it would not be unlike the floor traders and locals to go get the stops another time either. You know be sure to let the last bulls in.

This kind of reminds me of when I was a lad and my grandmother died. My uncle handled her estate and one of the things he liquidated was some bonds that she owned. He remarked how he wisely moved the money out of those bonds as several of them were only paying 3%. Of course when one considers that the bonds were sold at a discount and a commission was probably paid and the money could not be invested for very long because it was part of the estate, we realize in some situations 3% is 3%. Truly that's what makes a market liquid, and everyone has their reason for buying or selling.

Hope you and your family and the fishing are all well.

Best of luck.
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