"The undercarriage that brought (equity markets) this far is corroding," writes Eric Swarts,...

"The undercarriage that brought (equity markets) this far is corroding," writes Eric Swarts, noting serious breakdowns in correlation between the S&P and Treasury yields, commodities, and equities outside of the States. Spain is surely due for a rebound that may lead another push higher for the S&P into the Facebook IPO, but be ready to stay nimble then.
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Comments (5)
  • wapiti
    , contributor
    Comments (711) | Send Message
    what would the "undercarriage" be?? Ben, Obama and the ?Fed This market sure isn't up on fundamentals
    20 Apr 2012, 03:51 PM Reply Like
  • stocknerd
    , contributor
    Comments (1503) | Send Message
    TBT is the anti Obama trade and those apoplectic with hate and anger who bought with that in their hearts are well under water. When will TBT fly? When Obama is reelected.
    20 Apr 2012, 04:04 PM Reply Like
  • Flyboy1
    , contributor
    Comments (15) | Send Message
    I guess that means that TBT will never fly :)
    20 Apr 2012, 04:19 PM Reply Like
  • nightfly
    , contributor
    Comments (1015) | Send Message
    Could not be further from reality. TLT/TBT is all about the Fed buying long bonds. Additionally, money gets parked in bonds (of all maturities, typically short term) when the market slides.


    The recent bounce in TBT was due to the fact that hopes for QEx had been quashed. Now TBT is lower due to seasonality and fear of the market dropping further.
    20 Apr 2012, 10:15 PM Reply Like
  • Bob Michaels
    , contributor
    Comment (1) | Send Message
    If price goes up what will you do? If price goes down, what will you do?
    The rest is just bias and opinion which isn't following price. Good trading to all.
    21 Apr 2012, 01:57 AM Reply Like
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