Understanding the Financial Markets in 1999
Part 5 – The “Bad” Bull Market
An unusual situation has been unfolding in the last several months. Falling interest rates (a.k.a. – a bull market) has been bad and rising interest rates (a.k.a.- a bear market) has been good. We believe this unique situation is due to the amount of “convergence trading” that has been taking place in recent years.
Untitled
Commentaries — May 3, 1999
Understanding the Financial Markets in 1999 Part 5 – The “Bad” Bull Market An unusual situation has been unfolding in the last several months. Falling interest rates (a.k.a. – a bull market) has been bad and rising interest rates (a.k.a.- a bear market) has been good. We believe this unique situation is due to the… Continue reading Untitled