its 4.48am here and i am watching ndx futures tumble and the US10 soar and yet the bears are not out in cheer.
am i the only one left with capital and conviction that the market top is in? i still think Baron1 is on the money to indicate that a top is in but hey, how many times have we made this call right?
in any case, i wont be adding anymore to my short but instead ill be adding to my fixed income portfolio should the us10 decide to go higher.
as for ewebute, i think we are in a historic moment- the only moment in history where a yield curve inversion has not (yet?) resulted in a recession. its a tale of two worlds out there though. some people doing amazingly and others not so much. how long the government can sustain this is anyones guess.
i just saw australian inflation reported and i am not surprised that disinflation appears to have bottomed out. particularly when electricity inflation was 10%+ when you take out the energy subsidies the government have gifted us. its a governmental boondoggle that out tax dollars be spent this way instead of it being injected into sound energy policy. in any case, so much for any interest rate relief, unless the government can force the RBA to make a mistake and cut, but i dont think they are that dumb to not want to keep their safe and cushiony jobs.
i look forward to see what the trading action brings today. i have a tee off time at 6:28 but rest assured i will be watching the ndx when the market opens. interesting times for bears moving forward?
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