I'm a peeping tom techie with x-ray eyes
Things are going great
And they're only getting better
--Timbuk 3
Tech companies have been issuing convertible bonds at record rates. As indicated by the graph below, previous highs occurred in 2000 and 2007.
Implication: market demand for converts tends to be highest when stock prices are peaking.
position in SPX
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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