Check out this NFTRH excerpt from January 5th, Hope Springs Eternal. Check out the chart of TBT (anti-long term treasuries, rising when long term rates rise) from that time, reproduced to the left. Think about how far we have come off the bottom of human spirits. Think about sheep dutifully staying within the herd.It is spring time, and risk is... Beuller?
Once again, this space is not some perma-bear trying to scare readers into his world view. We made (and are still making) good money off of the rise from terrible and unsustainable sentiment. But it is time to once again look ahead.
Have a good weekend.
