More Bond Bubble
…discussion from Martin Goldberg at Financial Sense tonight:
Rare is the time that a technician can state an event that is a long term sure thing. In my career as a technician-journalist there has been only one such time so far. On February 15th, 2007 with the S&P 500 volatility index at about 10, it was stated, “spreads must always exist and fear cannot go bankrupt.” Indeed fear did not go bankrupt and the volatility index turned bullish before going into an almost 2 year (so far) bull market.
In today’s markets we are likely at a point where there is another “sure thing” in front of us. The sure thing that I speak of is that of the bond market.
2 Comments »
RSS feed for comments on this post. Trackback URI
Leave a comment
Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
The URL for Martin’s full story is: http://www.financialsense.com/Market/goldberg/2008/1218.html The Financial Sense website incorrectly put “1120″ at the end of the link.
Comment by Owen — 12/19/2008 @ 5:16 am
Thanks Owen – link fixed. I just copied the link from Martin’s archive page, but didn’t notice that it was wrong. My bad for not checking it!
Comment by BMB — 12/19/2008 @ 7:43 am