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If I was a market timer I'd be selling based on the "bizarro" bond action. (2.42% on the 10-year.) I think that's probably signaling a locomotive heading our way.
Not a timer - so sit tight and see what happens. Regards.
I'd agree with this. I sold a little today and MAY trim a little more. No ideas on what to buy, nothing much appealing.
To me, it seems like a reaction to pressure on world currencies to weaken relative to the dollar from "easing" planned in Europe and elsewhere.
US Treasuries seem the safest to hold reserves in at the moment without currency risk creating a lot of demand.
In my play money portfolio, I am 2x short Euro with EUO since last week and long US Dollar with UUP since yesterday. I also bought 2x long small caps today with UWM on the pullback and so now leveraged long in both US Tech and US small caps.
May or may not work out. We will see. That is what stop limits are for!
Comments
US Treasuries seem the safest to hold reserves in at the moment without currency risk creating a lot of demand.
In my play money portfolio, I am 2x short Euro with EUO since last week and long US Dollar with UUP since yesterday. I also bought 2x long small caps today with UWM on the pullback and so now leveraged long in both US Tech and US small caps.
May or may not work out. We will see. That is what stop limits are for!