1515 didn't hold, we will be taking out Friday's low. Stktrder, for someone who hasn't got a clue as far as the markets you sure do have a lot to say. It is an age old pattern, the greenhorn talks up a storm until they get their first taste of bad weather and then they get real quiet real fast. Hope you listen to the many people who have advised you to protect your gains, luck doesn't last forever.
This is how government collect its cpi and ppi information: hiring bunch people who know how politics works; cause this government have over spent and everything cost more; only way to keep their job is to manipulated these number to look good; so the government can still keep hiring people behind them. When the realities hit; the fresh hiring always get fired first. And of course; loyalty will be rewarded.
Oh that's how they get the CPI/PPI numbers! I always thought they picked the numbers like a State Lotto from a basket. el surdo
bad day today the 10 year shit reared its ugly head again and the market cratered as a result. If you look at the 3 month it seems very over extended. http://finance.yahoo.com/q/bc?s=^TNX&t=3m&l=on&z=m&q=c&c= not gonna keep going up like this
Look at a longer term chart, it's called a break out! Maybe it will stop at 5.5% or 5.75%? I will post a real pretty chart after dinner, just for you. el surdo
Using rising yields is just an excuse for the financial media. We are now at the same place we were last year at this time, near 10400 on the ten year, that is support. If we crash thru it that may be a big deal.