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Friday, December 12, 2014

Comments on US dollar and junk bonds


UUP:


That sure looks like a topping process, don't it? Wonder what Whitey thinks should happen to gold when USD proves it has topped?

HYG:


You know the market's gone nuts when you have to bump your Bollingers out to 3SD.

Things might get dicey if today's print breaks the lower trendline, like it's threatening to do today. Maybe that's what's scaring people? Then again, maybe people need to be reminded of why they call them "junk bonds".

Nobody gets a guaranteed 5% yield, people!


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