Tuesday, December 9, 2008

4 Week T-Bill Rate at 0.000%

Hedge funds, and the like, are preparing for major redemptions, which is causing the move into non-yielding T-bills.

This is likely to continue to 12-31, or very close. Then, I'm thinking, we are going to have the mother of all stock market rallies.

T-bills are a major short.

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