solarbird: (Default)
solarbird ([personal profile] solarbird) wrote2009-02-05 07:29 am
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this is not awesome

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.

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