Thats whats sitting on my desk as I stare at this listless market. Putting me to sleep.
Bears vs Bulls - a draw. No one wins today. The S&P has had a ten point range for the entire day thats a pretty small range. The most notable action today is that Treasuries advanced by 1 1/4 points, Bulls take on that is "great for housing - lower mortgage rates" Bears take on this "economic growth must be tepid - stocks are to high".
After the close today I will get to hear what HOV has to say - I look forward to this.
I put on a small buywrite in TBT (short gvt bonds ETF) today, I like my chances with the run Tbonds have had - remember its a game of odds.
To bored to write more
JB
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