30 yr treasuries dipped under 4%.
This is global risk layoff. Right now, this is on the board:
1. BP volcano still not plugged, with no end in sight.
2. The Korean Peninsula is on the brink - for real, this time.
3. Spain is cobbling banks together which are certain to fail, in order to create banks that are too big to fail.
4. CDS spreads are blowing out on Spain and Italy.
5. Greece is almost certain to go under.
6. The Euro is heading toward parity.
7. The yen carry trade is getting vaporized.
8. Anyone who got long commodities in the last two weeks is getting stood up against the gates of hell, as liquidation occurs to raise cash to offset losses in other markets.
9. The Fed and the ECB have printed us into oblivion.
10. Israel/Iran/Syria
11. Afghanistan.
12. Chinese markets getting plowed under.
13. Unemployment persists and likely to get worse.
14. Health care.
15. Taxes.
16. The War on Wall Street.
Have a nice day.
tomorrow everything will be alright. Zero rides in on the rainbow skittles shitin unicorn and saves the day. /s
Geez, maybe I should just go back to bed and hide with my head under my pillow. That is a depressing list......
VirginiaMom