Dec 13, 2004

And They're Off!

Probably makes sense to get long some stocks into this lift. I am looking at stocks like TYC that have a tight consolidation in an uptrend leading to today. People love these mergers with both buyers and buyees being taken up on news.

The Fed meeting may put a damper on things today or early tomorrow as people take risk off their books for the meeting but I would not count on it.

Seeing a bit of curve flattening in bonds as 5s anad 10s come off while 30s just don't care. Probably just the weaker dollar. Keep in mind this is how the last move higher in yields started.

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