Powder Blue Report

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Tuesday, July 20, 2004

Alan Greenspan Update

Today was a momentous day in the financial markets. I've been a broker for almost eight years now and I have never seen Mr Greenspan come right out and telegraph a rise in interest rates like he did today. In my opinion, everyone needs to get ready for this eventuality. The people with adjustable rate mortgages should be ready to at the very least hedge their exposure to a rise in interest rates. This can be easily done by selling short Eurodollar,treasury bonds & note futures. Needless to say there can be alot of money made by speculating in this market right now too. If anyone is interrested in how this might work, please give me a call at the office. The firm i'm at is called Excel Futures. The phone number is (888)959-9955


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