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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,430 Blog Posts

Fly Buy: $TMV

Dr. Fly Wed Apr 17, 2019 3:06pm EST 2 Comments

Yields cannot stay down for long. The divergence between stocks and yields is a wide open void. It will close. Hence, I am long TMV — short bonds 3x.

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2 comments

  1. numbersgame
    numbersgame
    April 17, 2019 at 3:23 pm

    It *will* close, on that we agree. Yields on 30-yr just hit 3%, so a big move is coming. Not sure what direction in the short term, but the stocks have enver been the “smart money” vs bonds.

    In other news, minor earthquakes at Popocatepetl volcano
    http://www.cenapred.gob.mx/cgi-bin/popo/reportes/ultrepi2.cgi

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  2. ferd
    ferd
    April 17, 2019 at 4:19 pm

    Bah. Bonds at support …also, mo indicators and lack of close support after this gappy run in the SPX argue for shorting stocks instead.

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