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Tuesday, November 29, 2011
TLT weekly chart
I have had just about enough of the T bond / Deflation / Doomsday mania and shorted the long bond via TBT near yesterday's close. Although I believe the risks favor a bear market continuation, I think fear got over baked and over bought lately; for the near term at least.
You do know that the refugees hiding in Uncle Sam's debt are used as fuel, right? Well, the tank is full.