Bulled Up

There is nothing like bad news not driving the market lower to get everybody bulled up. The pattern in these situations has been to see money come in over the weekend followed by a Turnaround Tuesday to the downside. Also, please note the large move up in commodities today and higher rates despite the weaker economic numbers. Will the vigilantes be knocking on our door soon? Have a great weekend.


Applesaucer said...

I seriously doubt that there are any bond vigilantes out there. Not sure they ever existed.

Still, I think the secular story will be a bad one for Treasuries.


Anonymous said...

invisible hand.