Saturday, August 1, 2009

The US Treasury Sending Mix Messages

20 Yr Treasury:

We are getting mix messages. Treasury has been going up in last couple days that shows flee to safety, but at the same time stock market rallied! this is not make any sense. Treasury and stock market have invert relation. When one of them is going up the other one should go down.

If investors believe we has started a new bull market treasuries should go down with head in coming days instead of moving higher, and my broadening top scenario should fall apart.