DUALING REALITIES. RED OPEN FOR MARKETS, DEBT is 4 letter word.

And why? Euro debt issues? WHAT?????? Last week we rallied like all get out because of all new GREEK? ad nauseum now that same news has gone SOUR????

Here at home as I suggested all the talk about "raising the debt ceiling" was just that. And any cuts would hurt the economy and spending, and do little to change the trend os adding to themassive deficits that continue to build, that HAVE to be funded from massive US TREASURY ISSUANCE.

Now ask yourself, at $14.5 TRILLION and counting, how much MORE debt issuance will it take to cast some question on US DEBT and the fact the yield is a scant 3% over a 10 year period? With world inflation an issue? 3% yield for 10 years is in the direction over DEFLATION worries, not INFLATION, what nube would accpet 3% for 10 years with inflation lurking, or even present we could argue?

BUT SO MANY are crammed in there, and there is so much MORE coming that needs to be bought.....with all the Euro funds needed to keep plugging those holes, where is the money going to come from to buy US DEBT?

Hasn't the major buyer been the FED itself? Hasn't the FED said they won't continue after this month with QE? And the yield for 10 years is what? 3%???!!!

Duratek   where's there is SMOKE there is FIRE! market can go higher, might even.....(not today probably) but IMHO what you see is just MOMO based buying, buying cause it is going higher, the fundamentals underenathe is all are crumbling.