Marenkov, are there any figures available for the net positions in USTs for the Japanese & Europeans? They hold far more than China.
Cramer today said that China is indeed selling hundreds of billions of US Treasuries. But this should depress the dollar (it did yesterday, but not today). But the Chinese, Japanese, European sure popped rates--nice move in TBT. Apparently the chinese yuan is so weak that the Chinese concluded that selling the USTs wouldn't hurt the exchange rate that much.
Margin calls on stock positions could have led to some bond selling (by wealthy individuals & investment firms) in Germany to raise cash. "When you can't sell what you want you sell what you can".
True. But we'll never know how bad things would have been without QE. I suspect much worse. QE1 was justified. QE2 less so. QE3 was a mistake, as was the failure of the FED to raise rates in the last year. Now, they may not be able to, with the market situation.
Wait till you see the next 5, 7 and 10 yr auctions-- I'm predicting a Santelli grade of D+ or lower in terms of demand.
Uh oh, the 'ferners aren't buying like they used too?
Refinery stocks always look great at the top, right before the spreads fall. Low PEs, great earnings...that is when to sell, or at least sell some. This stock has come a long way from the lows...up 1000%, as have all the refiners.
QE no cure all.
Hmmmmm? Guess--it won't be pretty for 'flix shareholders.
Yes. sybil seems to have missed the jump in gold & gold stocks ion recent days.