Tuesday, May 15, 2007

One more question

If:

1. The CPI number- which I regard as a fraudulent statistic anyway- was so benign this morning, and

2. The Dow 30 is catching a big bid, and

3. The US dollar lost ground this morning, and

4. Gold caught a bid

Why are Long Bonds looking so fragile??

Btw if TLT breaks below approx. $87 that would be a signal of HIGHER RATES which could cause long term damage in the market IMO.

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