TLTed. End of the wave in bonds?

Posted on Sep 07, 2011 by WHC Bassetti in Letters

If ever there were a signal this is.  Here is an island reversal in TLT which you can short with TBT. It's marked with "ir".

And if ever there were a season of confusion and misleading signals this is it.

Obviously the bonds have got to take it in the shorts.  But when?  The first interest rate rise will precipitate a sell-off epic dimensions.  In the meantime trying to anticipate it will precipitate epic equity declines.

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