Monday, December 1, 2008
TBT is getting crushed....
It's down almost 5 days in a row (even though we saw [emphasis on past tense] a huge rally this past week...strange, no?). I will initiate a larger position in TBT (5%) with the ultimate goal of reaching 20% by end of December - who the hell would be stupid enough to lend their money to the U.S. Government for 20 years at 3% (that's where I expect this bubble to top out at and pop). We are currently at 3.35'ish.
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1 comment:
patrick,
i recently bought some TBT as well. Painful last week. When you comment how low can 20 year yields go, i recall the japanese LT gov't bonds went well below 1% at one point. Sure hope that's not the case here!
kevin
www.bullinachinamarket.com
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