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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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The market is baffling me, for sure.
The bond market and equities market seem to be heading in opposite directions. Each time we get upside surprises in the economy (few, lately), bonds sell off, but the numerous times we've gotten news indicating a slowing economy, bonds rally big time.
If money is heading into equities, why would bonds be rallying? Why the disconnect between bonds and the Dow? I'm still not sold on the money fleeing RE and going into stocks. I'm willing to admit it is possible.
Still sitting in cash, even if it is the moronic thing to do.
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