Feb

16

Yesterday's bond move from 111 20/32 at the open, had by the close taken bonds back above their 2006 year end level of 111 14/32, and raises many interesting questions. This is the first move from the red to the black so to speak, with the closest previously being January 11th when the bonds closed at 111 6/32. What happens when a market moves from down on the year to up? Is it the same for individual stocks, as well as for companies whose cumulative 12 month earnings go from red to black?

Also, do any effects found work in reverse, when going from black to red? I think that there are numerous meals for a lifetime to be found in the hand calculation of the answers to these questions.


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