Gene, just to play devil's advocate for a moment, have you looked at bond-yield charts?
30-year
stockcharts.com[g,a]daclyyay[dd][pd20,2!b20!b13!c50!c100!c150!c200][vc60][iub14!up21,5,3!le13,21,3!ll21][J7371351,Y]&listNum=79
10-year
stockcharts.com[g,a]daclyyay[dd][pd20,2!b20!b13!c50!c100!c150!c200][vc60][iub14!up21,5,3!le13,21,3!ll21][J7371349,Y]&listNum=79
5-year
stockcharts.com[g,a]daclyyay[dd][pd20,2!b20!b13!c50!c100!c150!c200][vc60][iub14!up21,5,3!le13,21,3!ll21][J7371331,Y]&listNum=79
They all look like blow-off tops. And remember, it's not the PRICE that the older J6P is looking at. He's looking for a little better YIELD. |
