Jan

23

I get the feeling on days like we have seen recently, that it is a total battle between the bulls and the bears, ie who is going to win on the day, with this being signified by being on the positive side of unchanged or the negative side at the close.  Coming back from a strong deficit will not be seen as win for the bulls unless they make it over the line- and vice versa. The acceleration of the market into unchanged and away from unchanged throughout the sessions is brutal on the turn.

Vince Fulco ponders:

One wonders what the approximate level of blended Treasury rate is that is low enough to bring out the asset re(allocators). I don't think pension funds can meet long term liabilities with a 3.45% ten year! 


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