Contrarian market commentary and economic postings.
Tuesday, September 28, 2010
CONSOLIDATION RANGE
Another test of 1130 today, probably why it came back to upper range. Meantime GOLD soars to NEW HIGHS (favored place as "safe haven" in times of CRISIS) and BOND YIELDS keep tumbling to near panic lows in 10 yr, all time lows in 2 year.
30 YEAR mortgages at 4.5% yet housing near worst levels in history since crisis......bucking the trend is the good old stock market.....that doesn't seem to fit, unless you think like THEM.
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