 |
The big sellof of the stocks Friday(256 points drop in DJIA)
barely sparked a quarter jump in T-bonds. That tells us that
the fleeing hordes may have already fled, and there is nobody
left to do any fleeing(bonds prices rallied the whole week).
The natural pendular response to such a vacuum is to swing
back the other way, and that can bring the sharp selloff in
bond prices in the future.
Just my personal opinion.
|
|
|
