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  • Ignore The Noise 0 comments
    Jul 31, 2013 7:46 PM | about stocks: TLT, TMV

    It was another roller coaster day in bonds. We saw the Ultra bond futures make a new contract low after ADP and GDP hit the tape. Bonds did not rally until the Fed came out with their verbal therapy. It seems that ever since Ben started the taper talk, all the sell off's are data driven and all the rallies are jaw bone driven. That includes Hilsenrath and his ill-informed musings causing a massive rally back on June 13th. Thank goodness it seems the market learned its lesson form that one and hasn't paid him that much attention since then. His last prediction just turned out to be a bust today that's for sure. I definitely fall into the optimistic camp for the economy and I think the data as of late is there too. All we can do is look at the actual data points and ignore the noise...or at least try to!!

    Disclosure: I am long TMV.

    Stocks: TLT, TMV
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