Friday, August 20, 2010

How Bad Does the Treasury Bond Chart Look?

Howard Lindzon writes that:

The bond chart $tlt is looking like CMGI ... trust me America is in worse shape from this bubble than that one
CMGI is the former internet incubator company that crashed and burned.

It boomed in the dot-com bubble of the late 1990s, peaking at a per share price of $163 in 2000, for a market capitalization of more than $40 billion. The stock eventually fell below $1 in 2002. As a result, the company was forced to cease its acquisitions , sell many of its investments, and reduce other costs such as the naming rights to CMGI Field, home of the New England Patriots.

On September 29 2008, CMGI officially changed its to ModusLink Global Solutions.


  1. Robert, yet another clear case of your bias in choosing one side of the story (over and over). The argument against treasuries is rhetorical at best. At some point, it will be time to lose treasuries, but not when CPI and PPI are trending down in spite of $1.4 trillion in QE and the biggest stimulus ever. 30 year bunds have fallen below 3% and 30 year JGBs are below 1.6%.

    Yeah, someday your inflationary advice will be correct ("lock in these rates now!"), but it will be long after those following it are flat broke.

    In a deflation, cash equivalents (cash, t-bills and treasuries) are all you've got. Good luck with that little buddy.

  2. So how come no reponse to RW's call on the Recession and the double dip recession? Are you biased in your commets?

    As far as the post, RW is referencing another trader, that may show the other trader's bias, but how you get a bias from RW out of that is a mystery.

    You really belong over at Tyler Cowen's blog, they debate your kind of nonsense everyday.