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[Macro Speculator]

was the highest in 2012. Today's SPY volume is once again the highest of the year. Does it mean something? This week was very interesting as expected. But we are getting hints that things are about to become even more interesting. By the way, yesterday's ten year bond close at 1.70% was the lowest in history. Read that sentence a few times and think about all the possible implications. Are we simply becoming Japan, with equity markets that will grind lower for another 5-10 years? Or is there a stock market crash coming like last summer and big money is preparing for it? Is the eurozone about to unravel and people are tripping over each other to get to safety? When a the US bond market is more expensive right now as we speak than it was during the financial collapse and credit freeze of 2008, the crash last summer, the problems in Europe this past fall, etc, etc, etc, what is that telling us? Maybe nothing, or maybe something very serious... The complacency among many equity investors is very interesting in the face of this....

Edited by Macro Speculator, 18 May 2012 - 02:23 PM.