I’ve been extremely bullish on TLT since December of 2015 — which was the last and only time I bought it. My basis is around $118 and I bought it when Exodus had flagged it as oversold.
On Friday, it flagged oversold for the first time since 12/23/15 and the stats are worth paying attention to.
Our signals for TLT are flawless over the 9 previous occasions it has reached these high stress levels.
Seasonally speaking, bonds are doing what they usually do in October: go down. But even for a down October, we’re right up against the most extreme sell off in over a decade.
Lastly, I want to remind you that the bull market in bonds is still very much intact, when viewing from a longer time frame. These sell offs, while being quite rare, are to be viewed as opportunities to buy, not sell.
I don’t condone any of the leveraged bonds. But if you want to play just the price action and have no desire for income, consider the zeroes: ZROZ.
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Dr. Fly, I agree that picture from the bridge is impressive.
But if you are selling a ride on the Ark, why show the Titanic?
My thoughts exactly
It’s gallows humor. That’s how I roll.
We’re going to need a bigger boat
http://www.raptureready.com/soap2/ecklund13.html
Because the Fly is Billy Zane
Peso, I actually went back a re read Ez38 and following this past week.
Makes a person wonder.
At this point it should be obvious to all there is much more in play here than a presidential election.
I agree Heater,the curtains have been pulled back on the Middle East, Russia, the media, politics,ect.
the last stop in downgrading careers, bartenders and waiters will be out of work.
http://www.zerohedge.com/news/2016-10-15/restuarant-industry-gloom-number-americans-eating-out-tumbles
I was worried about that small leak in the Giraffe section of the Ark. I’m glad that the Real Fly addressed this situation!?
… situation!