this is not awesome
Feb. 5th, 2009 07:29 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
Keep an eye on the 10-year treasuries. While the market has been down over the last month, treasury rates have been consistently rising, indicating prices have been falling, meaning more selling than buying in bonds, which is at this point a pretty major counter-trend to expectations. (I picked the S&P 500 because it's the broadest index. the stock decline is worse in the Dow.)
More later.
More later.
no subject
Date: 2009-02-05 03:36 pm (UTC)three feet of snow on the ground here, btw. but the power lines are still up.