Seeking Alpha
  • Michael A. Gayed, CFA
    Safety trade in Utilities (XLU) and long bonds (TLT) getting slaughtered. Money looks to be getting more aggressive.
    3/16/12
    Reply (7)
    • Josh Krause: Inflation is running at 2.9% and Bernanke is allowing it to run. More bets that QE is imminent.
      3/16/12
    • Michael A. Gayed, CFA: If there were bets QE were imminent, bond yields would not have spiked up this week.
      3/16/12
    • Market Maven: If mkt was believed to be overbought, you'd think XLU and TLT would be rallying, no?
      3/16/12
    • Market Maven: as a safety play.
      3/16/12
    • Josh Krause: Not if the market is in euphoric we'll rally forever mode where tops are actually formed and corrections come into play.
      3/16/12
    • Josh Krause: But we'll probably rally regardless.
      3/16/12
    • Michael A. Gayed, CFA: Focus less on tops and bottom. Focus more on conditions.
      3/16/12
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