The chart of long bond fund TLT (along w/ shorter durations of 7-10 and 3-7 years in the lower panels) tell me that this liquidity (or lack thereof) indicator is intact as TLT looks for support and IEF and IEI remain in uptrends. Add that to the Gold-Silver ratio whipsaw and a certain gold stock to broad market ratio chart we looked at in an email update yesterday and we have drum roll please... no resolution.
At some point however, I might plan to short the pig again against my gold stock holdings. The markets can be painful, confounding and downright exasperating. But you have got to admit they are flat out FUN. If you do not enjoy this you might consider a more relaxing vocation like say, air traffic controller? Lion tamer? Undercover narc?
This is the time I feel best, when things are either falling apart or so friggin' confusing you've got to be borderline mad to make sense of it.
