freefall51

Changing My Stance on the Dollar

A lot of money was flowing into TBT yesterday morning trending up slightly and out of TLT. TLT seems to trade inversely to $SPX at his time. If $SPX tops out TLT would bottom and go higher from there causing another drop for TBT.

What worries me is the threat that the Feds may buy up their own longterm treasuries to keep the interest down and prices up. They are reckless enough to do that.

The bearish $ bet UDN seems to be a better deal at the moment. You have the Feds on your side.