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Why The Market Still Has More Room To Run?

|Includes: SPY, iShares 20+ Year Treasury Bond ETF (TLT)

Look at TLT it is staying about $115 for couple months, even the S&P has already upped "terribly" (as seem by some bears). Just imagine if the TLT down to its normal level with normal yields, how much liquidity will need to be squeeze out from there?

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.