|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Mother down in Tucson told me about the raising of the Margin rates. As I've said Greenspan is a friend of hers and one of the people who reported to him is a client of hers, so I guess she should know what she is talking about.
The Fed has been raising Short Term rates to TRY and cool the RE Market...which it has suceeded in doing.
Mother in Tucson has put me heavily into Big Cap Consumer Staples...on Thursday one of the Big Mutual Fund Managers said that the money is Transitioning into High Yield Bonds and Consumer Staple.
__________________
Copyright
"Some Observer"
|