Friday, June 5, 2009

Only dopes buy treasuries

On or about March 2o, I laid out what I thought was a satisfying trade idea (Let's Break the Fed!).

I mean satisfying on many levels: a chance to make a bit of money, and also a chance to make my voice heard via poking the Fed where it hurts.

And it's going great:



And the daily chart is even more dramatic:

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