Treasuries are barely moving, the market only went down about 10%.Where is all this money coming from to buy stocks here?
Take a look at what has happened the last couple of days to the 10 year T notes. Then take a look at the SPY Jun 2012 132.00 weekly calls.Hint, it's bullish.
Quite the opposite. It's bearish because lots of money is getting lost (disappearing) in the treasury market.
The FED is talking chit again.
TLT is coming back up.Something totally wrong with this picture.I'll sit and wait these people out.No way are earnings going higher by 6 months out.
Sidelne money. Money managers need a good return for the Q end. Money being forced in across the board. Ride the wave up.