nothing wrong with picking tops and bottoms.. you just have to stay away from leverage when you do it and enlarge your timeframe.
Good thing my position trade is reasonable... All signals pointed to this but stubborness ruled the day... still gotta work on that... humph... It pays to diversify...
How is that, these closed at the HOD! Certainly tradeable, but I do not think we saw the low yield just yet. Feel free to fade any of my BOND posts, they are usually wrong!
The discrepancy between Treasury and municipal bonds is so wide, all bankers can just become tax collectors and banking all these succulent yield, just perfect.
To clarify: today's closing action looks to be a short term pivot point - I feel better about this as a 'Fade the Fed' play than shorting equities at this juncture. In the same vein, long US$ as a swing trade.
He said last Thursday that he covered his bond short weeks ago as it was going too far against him, and went long oil last week.