Many experts and models are calling this move start of NEW BULL MKT. And wouldn't that be nice, to end this recession and see economy build jobs instead of shed them.
Here's a typical headline As stocks surge, Treasurys lose appeal what is actually happening is demand for debt added to switch in invetsment preference are causing the yield to rise as is the switch to SHORTER TERM NOTES because of threat of inflation.
Is this one of those unintended consequences? The FRAGILE housing market "rebound" is tenable to LOW LOW RATES....MANY ADJ mortgages are in the midst of being rset from 2004-2006 3-1 and 5-1 adj.
On a technical note, at the close the SPX ended back under its DECLINING 200 EMA, I am wondering if the gap left open near 920 is filled in next day or 2.
Of course the economies will not continue to PLUNGE at rate of -6% GDP each qtr....slowing decent is not expansion.
With no hint of job recovery, and we are 70% consumer driven economy, is that light a train coming?
D
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