farfbits

High Yield Spreads Narrow for 13th Straight Day

I've noticed this too - my position in HYP has about a 30% gain. However I have to wonder if this is justified by the fundamentals. It begins to look like a mini-bubble.

Line U-6: A Sell Signal for Bulls and Bears

On a dollar-denominated basis, government's efforts may succeed - by inducing tremendous inflation. Since the same thing is happening worldwide, they may even get away with this for quite some time. One shouldn't underestimate the power of the (printing) press.