We believe the S&P will hit 1000 as the market is reading into inventory depletion/replenishment. Let's not talk buildup here!
we are most curious to know if banks are actually extending credit to those companies hoping to build-up inventories. There is no better way to create jobs or at least get laid-off workers back into factories. Copper demand is not abating so there is hope out there.
After S&P 1000 WATCH OUT, we think subdued economic activity will give a reality check prior to Q3 numbers. Pre-announcements won't be so much fun either for the giddy.
Best to stick to ETFs than to risk individual and repeated disappointment.
with over $30BB a week of treasuries being newly issued, competing with maturing issues and re-marketed deals, credit problems around the Globe, we find the opportunity of shorting the US 10-30 yr bonds just too much fun! That's where we think the best risk reward lies.
Serious money was made on tightening spreads between corporate bonds and Treasuries putting further problems for Secretary Geithner to rework his model!
Good trading to you!
DCW
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