The non-confirmation of this stock rally by bonds is music to my ears. The last time bonds failed to fall on a sharp stock rally was last Monday, which marked the beginning of a week's consolidation. This time it should be the kiss goodbye.
Your comment on bonds is VST, right? TLT going up today (TNX going down) is an indication that the stock rally could be on its last breath. TNX has often led stocks over the past several months, so it's possible that it's doing that yet again today.
are the metals cracking? Would be nice to see everything in sync.
ReplyDeleteEWI is bearish on the metals, but if it is sovereign debt that will be crumbling then gold would benefit.
ReplyDeleteI would be buying the dollar right here.
ReplyDeleteChart: SPX
ReplyDeleteIt's done.
http://www.screencast.com/t/MmU4YTlhNGQ
Steve,
ReplyDeleteYour comment on bonds is VST, right? TLT going up today (TNX going down) is an indication that the stock rally could be on its last breath. TNX has often led stocks over the past several months, so it's possible that it's doing that yet again today.
Metals are declining today, tomorrow will be EPIC I think
ReplyDeletehttp://www.screencast.com/users/Gary_UK/folders/Jing/media/255927cd-a5d8-49dd-9cb9-c0f18358769f
ReplyDeleteJust saw the same 5 mins blocks on today's S&P, flash crash or similar ahead?
Buy VXX, it's going to treble in 6 weeks, I hope.
ReplyDeleteAn eerie silence from the market as it peers into the abyss.
ReplyDeleteCopper has been falling since 9am Uk time today.
ReplyDeleteNo such silence from me of course!
ReplyDelete