Bad Auction

Long term treasuries are tanking on a bad auction. I already hear the QE 3 helicopters revving up. Too bad oil just broke out to a two year high. Collateral damage.

1 comment:

Anonymous said...

I really believe this market will continue higher for the rest of this year.
I would not call a one or 2 day move lower "broken" up trend.

The trend is still higher.

Seasonality will push us up.