On paper, this rally should stock. Durable goods came in better than expected. Some Fed official made some dovish comments and LEN posted much better than expected results, which should give a boost to one of the lynchpins of this market: housing.
But TLT is barely up and if we see yields rise again, the rally will dissipate and bulls will be crucified. If you get that 10 yr close to 3%, you will see a bonafide panic, former greedy gluttons liquidating their accounts before they hit zero.
In the event bonds should rally alongside stocks, I am a buyer of USG, HOV or BZH, AMBA, WETF and maybe some WNR.
Let it be noted, however, I am skeptical.
UPDATE: TLT is actually lower on the day. I am avoiding all stocks, leaving IMMR to be managed if it dips. By managed, I mean buy more.
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HB back long, playing a multi-day bounce. We got the reversal we needed, and all our troubles have been warshed away.
so Monsieur le Fly is back to grabbing his WNR if the market rallies … interesting …wery intewesting
😮
You still holding FRO
about 350,000 shares, a pittance.
I am not a buyer here.
$DUST baby!!! this is one sick etf .. sick
Yes what a buy opp last fall when she was in the 20s.
DSLV wasn’t bad either. but wouldn’t recommend lingering in any. perhaps sideways with bounces either way from here. personally hoping for more downside (esp in gold) to enter from a long position. would love a further drop in palladium as well. at this point though i’m staying on the beach.