GTX and WTIC definitely have room to the upside in the short term as bond yields rise. I do find it highly unlikely that Mr Bernanke will let rates rise too much as he would contend that its hurts a recovery in housing. QE3 will happen when Ben sees the rates move above his comfort level. http://t.co/qL2uHarF
rate will definitely rise much higher when he release QE3. easy money tsunami been happily happening around the global, just check global yield. so that is the reason behind rise in GTX and WTIC. if Fed release QE3, then GTX and WTIC, especially WTIC will signal positive ADX cross and go much HIGHER. if no QE3, what you mean disappoint Mr Market again? lol, then should equity deserve current valuation???