7 replies to this topic

[PrintFaster]

Each and every time we get a panic selloff, investors instantaneously dump commodities and start piling right back into Treasuries. Each selloff gets shorter and shorter because the knee jerk reaction gets faster and faster. It has gotten so predictable that the Fed no longer has to "jawbone" any longer, things seem to happen automatically. After this selloff exhausts itself in a few days, lots of late shorts will be piled in and we'll have yet another "searing rally". However, I must admit that the internal top probably occurred yesterday morning, but it will take many weeks for the topping process to unfold as too many have been pre-conditioned to buy the dips.

[PrintFaster]

So far, the "Glam Stocks" have been unfazed by the Japanese massacre. The U.S. Consumer could care less about the Nikkei. [attachment=20916:ltd0523.png] [attachment=20915:wfm0523.png] [attachment=20914:sbux0523.png]

[PrintFaster]

And "Presto!", the 10-yr. yield is now back to 1.99%

Mission Accomplished.

Bloomberg Treasury Rates

[PrintFaster]

Worried about stocks and bonds?

No worries, just start piling into BitCoins!!!

Nice move this morning.

Mt. Gox Index

[PrintFaster]

Not exactly the "crash" so many were predicting yesterday afternoon [attachment=20917:xhb0523.png]

[NAV]

The U.S. Consumer could care less about the Nikkei.

When was the last time consumers were being a leading indicator ?

[pdx5]

"When was the last time consumers were being a leading indicator ? " Does it matter if Fed keeps buying $85 Billion of Treasury bonds every month? Follow the money. Liquidity trumps economy.

[PrintFaster]

Heh, the consumer stocks have sailed and breezed right through the various crisis and meltdowns the last 4 years:

"Flash Crash"
"Greece Fears"
"Fukishima Disaster"
"Arab Spring"
"Eurozone Austerity"
"Election Worries"
"Fiscal Cliff"
"Sequester"

and now the "Nikkei Crash/JGB Implosion"

Edited by PrintFaster, 23 May 2013 - 11:56 AM.