Thursday, October 29, 2009

These are not bullish indicators

While I love speaking out of both sides of my mouth here are some things to consider before moving aggressively into the bullish camp of the market.

PIMCO's Bill Gross on why the rally may be in jeopardy:

http://www.pimco.com/LeftNav/Featured%20Market%20Commentary/IO/2009/Midnight%20Candles%20Gross%20November.htm

Longer-dated treasury auctions are not going well while shorter dated ones are... If bond buying stops the Fed cannot sustain lower interest rates would definitely hamper any recovery as borrowing costs inflate to more rationale levels:

http://www.cnbc.com/id/33531343

A look behind the GDP numbers:

http://www.cnbc.com/id/33532009

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