--- Begin Message ---
The Daily Reckoning
Weekend Edition
December 8-9, 2001
Paris, France
By Addison Wiggin
MARKET REVIEW: Slaughter In The Bond Market
For the first time in months, wondering what the Fed will do at
their next meeting... is actually interesting. Why?
Well, according to Lance "Crash" Lewis, over at the Prudent Bear
booth, "The last 3 or 4 weeks have been absolute killers in the
bond market. Bond managers have given back their entire year in
a matter of a few weeks." Friday, saw new lows in the 5-yr,
10-yr, and 30-yr notes. And the yield on the 10-yr soared to
5.14%.
Lewis: "All the confetti Uncle Al is printing up in order to
levitate the stock market is killing the bond market (along with
a whole host of other factors), and he can't turn around and try
and bail out the bond market without killing stocks. Meanwhile,
the economy is still showing very little (if any) signs of a
recovery."
It's no foregone conclusion that we'll see lucky rate cut number
11. Nonetheless, Easy Al and Co. will meet on to decide which
buttons to push...which levers to pull... and what spin to send
consumers into the Holiday buying season with.
Alas, even the Fed, we suspect, gets what they deserves
...and not what they expect.
Enjoy your weekend,
Addison Wiggin
The Daily Reckoning
* * * * * * * * * Advertisement * * * * * * * * * * *
THE "TRUE" FINAL EVENT UNFOLDS - And Now?
The Future No One Expected...
The fall of the Berlin Wall was supposed to be the last
major event of our lifetime...the end of history...and
the peaceful close to a tumultuous century of war...
But with the tragic destruction of the World Trade
Center, a less visible - thus more ominous - enemy
threatens. Think the capture of bin Laden will signal
the end?
Peace and prosperity aren't so secure.
Our 4-part strategy will help you steer clear of
confusion and loss during the uncertain times ahead.
Details in your free special report - CLICK HERE:
Terror In The Streets
http://www.agora-inc.com/reports/DRI/Terror
* * * * * * * * * * * * * * * * * * * * * * * * * * *
THIS WEEK in THE DAILY RECKONING
by Bill Bonner
12/07/01 PEARL HARBOR
"...In 1941, Axis military power had been in a bull market for
nearly a decade. People don't think clearly in a bull market,
and their imaginations are dull. They can only see ahead of them
what they've just experienced. It wasn't until 1942 that Axis
power peaked out. Then, the thinking began and imaginations
began to work again. But by then it was too late..."
http://www.dailyreckoning.com/body_index3.cfm?id=1897
12/06/01 FIRES OF ENTHUSIASM
"...Stock buyers who bought for the right reasons – because
stocks were cheap – in 1982 have already made their money.
Unless they are greedy or stupid, they have already taken the
money off the table. Those who buy for the wrong reasons now –
because they think stocks always go up – will get what they
deserve too..."
http://www.dailyreckoning.com/body_index3.cfm?id=1894
12/05/01 THE INNOVATION CYCLE
Guest Essay by John Mauldin
"...In the last decade, a rising tide lifted all boats. Now
things will start to be a little different. As always, new
innovations will bring rewards to investors. But the "winners"
will be investments that focus on absolute return
strategies...and value based investing..."
http://www.dailyreckoning.com/body_index3.cfm?id=1888
12/04/01 SUGAR PLUMS
"...Investors are getting ready for Christmas... The big bottom
of their dreams has come and gone - they believe. Visions of
sugar plums dance in their heads. Sadly, the more the candies
twist in their minds, the less likely that investors will get
what they want from Santa..."
http://www.dailyreckoning.com/body_index3.cfm?id=1883
12/03/01 THE FABULOUS DESTINY OF ALAN GREENSPAN
"...Mr. Greenspan has everything he needs to get the economy
back on track...except the essentials..."
http://www.dailyreckoning.com/body_index3.cfm?id=1878
* * * * * * * * * * Advertisement * * * * * * * * * * *
If You Want To Survive The Market Volatility, Then Don't
Miss This Important Prediction:
The war against terrorism will have financial impacts
that investors must face. And with the coming market
volatility, you'll need to be armed with the best
information possible.
ONE forecasting system delivered 24 out of 28 profitable
trades over the last 5 months - averaging 27% gains
every 7 days.
We'd like to show you how to protect yourself - and even
prosper off the coming market volatility. Find out how
in this late-breaking report:
http://www.agora-inc.com/reports/OPT/FutureProfits
* * * * * * * * * * * * * * * * * * * * * * * * * * * *
*******
To REMOVE yourself from this list, send an email
to: [EMAIL PROTECTED] or go to our web interface
at: http://www.agoramail.net/home.cfm?list=RealityC
--- End Message ---
