Exactly. Bonds point to a crash up today, and we closed at a support point for the dollar, and below max pain for stocks. I guess bonds were this high relative to SP only in 1979-1980. This projects a mild rally next week to around 920 or so on the SP, who knows. If the dollar 103.5 support is taken out, which I believe will at some point, maybe even now, then lights out, we'll have a crash. I do think, however, bonds have to put a top long before the crash starts. Maybe just stocks crash, bonds go ballistic to point to 70% undervaluation of stocks vs bonds, who knows. Maybe it just points to depression ahead. But with the Fed printing like crazy, we'll just have to see what happens.
There must be a "lights out" phase of the bear market, before we have a really decent rally |
