Monday, June 22, 2009

An important event last week...

The 10-year yields triggered a intermediate term sell last week. This has deflationary implications for the economy. Once the market realizes that all these trillions of unproductive money that's thrown around by the government cannot generate inflation, panic will set in. The bond yield sell signal also lines up with the IT sell in the stock market, i posted last week.

Stay safe...Good luck !