Lions and friends.. I would like to get a general consensus on where you believe risk will go with regard to this market-say looking out 1 week.
Here is the question…
Do do believe that the MMRI which is currently sitting at 240.6, will be higher or lower one week from today? (If you click MMRI in red above you can look at a chart).
GM
Not voting because I am clueless. One thing that seems to be happening right now is that banks are delaying the posting of saver "deposits," sometimes for as long as ten days, and also many "depositor" accounts are lower than they should be or cleaned out entirely. People are angrily queuing up at BoA in particular. I am not sure how a bank run would effect the bond market. Most people still believe that they are covered, as least for $250k, by FDIC, not realizing that
1) It has less than 1% of the assets necessary to cover a total banking collapse
2) Even if it did as the the Fed printed the money, necesary, a recent law put derivatives ahead of "depositors" in the bankruptcy creditor line. Since the derivatives are a 1000 times greater than the deposits, they will never get a penny form the FDIC.
The DXY is forming a bullish pattern so my vote is higher!!