and yet, when oil was dropping on a daily basis, and we are talking large percentages after only small percentages on the build numbers.... you never thought manipulation?
Of course. I am not suggesting any technical price level. What I am suggesting is that I think oil has a ways to go. At least 10%, I can even see oil back to $60 this year, but not straight up. So there is a lot more pain for DWTI, and under $100 might be a entry point to start to nibble. When oil turns, it's obvious that things can get violent, and DWTI can light up. But not yet.
some folks were certainly led down the garden path.
So surprisingly, the bond bears won the week. And equity bulls also surprisingly won the week.
I say surprisingly, only because all the negativity seemed to have doom & gloom-ers in a lather.
I am convinced (at least for a long, long time) that there is no end game.
Debt is too great! Negative interest rates are irrational or unsustainable. The fed must rates!
The fed can't raise rates! China is crashing!
Bottom line: In a pond full of black swans, who cares if a new one shows up.
(and I am a bond bear, so I am not unhappy with the weeks results)
I will gladly except payment of .1% if you wish to park money overnight in my savings account.
Call me or have your people call my people.
So the ECB did its worst, and yet the response was... "Who cares?".
TLT is very close to where it closed last Friday, so all the potential market moving news was brushed aside.
Tomorrow may change things, but I really doubt it.
Well, he went negative. The equity markets jumped a bit, but as far as I can tell, the bond market is unconcerned. The currency markets seem the most affected.
A reverse of yesterday, it was a good day for bond bears(now I got it right)
TLT held on to some gains, but we are getting close to levels from the start of the week.
I am more convinced than ever that the ECB and short covering will have little to no effect on our bond market
oops, my mistake. A good day for bond bulls.
I probably made that mistake because I think of you guys as market bears, and economy bears.
merenkov already gave a more informed response. My gut says at some point, ECB moves will become irrelevant, or less relevant as investors realize that ECB moves (or lack of) are ineffectual.
Perhaps he is looking at something like a 3 month chart, where both UWTI & DWTI are down. That is why you don't hold these things for the long term.