Thus far the market is responding to a sentiment extreme much in the same way it has been recently. We are seeing a pullback, but the market is not falling apart.
I added to my treasury position this afternoon and am going home long Treasuries and short stocks. You can call me dumb, deaf and stupid. But don't call me consensus. Have a good night.
2 comments:
I'm still waiting to go into bonds for the long-term support around 117-118 to be reached. It's close!
Or, failing that, for year-end to be reached. I expect a bond rally in January.
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