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Green Backs and Bond Shoots

Friday, May 22, 2009 | Tim McLeer Is this Spam?

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The dollar broke 80 today. Bonds are saying dive dive dive. Just look at the tlt (Lehman 20 year). I expect it to break its 52 week low in about 2 weeks.

We have had a strange last 3 days.Equities, bonds, and the dollar all down and gold goes up. However,the emerging markets are not falling.

Bernanke must be worried because the last thing he needs now is for the bond market to implode. How can he continue to offer bonds for bid and be rejected by the rest of the world.

If the dollar and bonds do not bounce next week

you can kiss the green shoot rally good bye!!

Tim McLeer



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  1. mohamed (24 weeks ago) Is this Spam?

    thank you

  2. Philip (26 weeks ago) Is this Spam?

    TLT went parabolic at the Nov low (92 to 122).

    Look at the VIX in that time frame. The end of the world scenario.

    Since 2002 the TLT range has been 80 to 97. We are just coming back into that range. For now the fear has faded and we will trade in a more normal range. The 30 point drop has just brought us to the top of the longer term trading range.

    That 30 point drop is normal!! Of course we all could have made a ton money if we played it.

    Now we are looking at a normal range of 80 to 97.

    Normally TLT bottoms in the summer.
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