Wednesday, May 19, 2010

COLLAPSE OF PAL

PM mkt update * Late day reversal may open gates for a pity rally to begin, if AM data cooperates, such a sigh of relief that deflation pressures will allow FED to keep rates at 0% forever. YR/YR inflation near 0%, we are dangerously close to DEFLATION. 10 yr has fallen as low as 3.3% !!!

Canary is sniffing glue....

D

No comments: