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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.89+0.3%Oct 31 4:00 PM EDT

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To: GROUND ZERO™ who wrote (51248)6/4/2013 2:15:25 PM
From: John Pitera  Read Replies (2) of 218277
 
Thanks GZ, as Art Cashin and Mohammed El Erian have been pointing out we have to keep an eye on Japan, their BOJ QE operations and the backing up of the long end of the yield curve... If they can not successfully execute on their plans to get inflation and asset prices higher and keep the 5 and 10 year portion of the yield curve under control and not vaulting up too much... then things will be good here....

the 7 + % swings in the Japanese equity market and the move in the 5 year notes from 60 basis points to 86 basis points which occurred right before Memorial Day weekend.... are showing some signs of instability in the Global Macro System.

John
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