Wednesday, September 21, 2011

big drop on the FOMC day

http://stockcharts.com/members/analysis/20110921-1.html

Good reading. Some quotes from it.

1. Rising Treasury prices (falling yields) are bearish for stocks. The S&P 500 bottomed in March 2009, which was four months after the 30-year Treasury Yield turned up. Therefore, we should not expect a significant bottom in the stock market until Treasuries yields bottom and turn up.

No comments:

Post a Comment