The bond top. New phase.

Posted on Aug 24, 2013 by in Letters

 

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=3&mn=0&dy=0&id=p43052752726&a=312566833

We have previously pointed out the massive top in bonds.  Taht comment sank into the information glut like a sugar cube in the sea.  Usually a letter like that will provoke Barrons or Hulbert to take notice, but like the denizens of the Jersey shore watching TV while the hurricane is bearing down the punditsphere slept through it.  If our readers did here is another alarm clock and hurricane warning.  A 24 month top with head and shoulders characteristics is even now toppling  over on the bond market.  In slow motion.  We are short the TLT with TBT and adding to the position as conditions warrant.

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