T Bonds. Chart nightmares. Inflation/deflation. Stagflation.

Posted on Jul 31, 2010 by WHC Bassetti in Letters

http://stockcharts.com/h-sc/ui?s=$UST&p=D&b=5&g=0&id=p30923843948&a=205377734

We conjectured,  just a letter ago that there might be a double top in the bond ETF (TLT).  This chart ought to put paid to that notion.  The bond market may be about to go parabolic. (Read, BUBBLE.)  Here it's making a new high in the 10 years.  If you're in it great.  If not stand aside lest you get splattered with the inevitable bloodshed.

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