Sallow
The Big Bad Wolf.
10 year bonds are spiking up to 2.8%. Stock market is tanking concerned that the FED will taper. Meaning? Business is not sold on the economy coupled with rising interest rates.
The market has been climbing for one reason, and one reason only. Free 85 Billion a month printed money into the financial stream.
This will get ugly as predicted
-Geaux
Video of the Week: 10 Year Treasury Yields - How High? | Guy Lerner | Safehaven.com
Rising Treasury yields and falling stock prices has many a market commentator in a tizzy. As many an analyst has surmised, spiking Treasury yields are not good for stocks especially at this late stage in the economic cycle.
Market is over 15K. In case you didn't know that an historic record. We've (And I say "WE" because it's the industry I work in), never been up this high. And it's hardly tanking. I love how suddenly you folks think you are experts on this.
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If you work in the Financial Industry then you should know that the DJIA isn't inflation adjusted on an inflation adjusted basis the DJIA hit it's historic peak back in 2000.![]()
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