from my friends at bondheads ....yea the yeild curve is looking pretty flat...Lets face it this market is driven by one thing and one thing only Interest Rates! If there is one thing we have learned the last couple of years is that cash flow, earnings, cash on hand have not had a meaningful effect on the current market ,it is all about interest rates and stocks have been acting like a fish swimming up stream.
Tuesday, June 20, 2006
Earnings are Meaningless?
from my friends at bondheads ....yea the yeild curve is looking pretty flat...Lets face it this market is driven by one thing and one thing only Interest Rates! If there is one thing we have learned the last couple of years is that cash flow, earnings, cash on hand have not had a meaningful effect on the current market ,it is all about interest rates and stocks have been acting like a fish swimming up stream.
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