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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.97-0.3%Jan 30 4:00 PM EST

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To: TFF who wrote (41400)12/6/2012 3:09:35 PM
From: Keith Feral  Read Replies (1) of 222751
 
Bonds yields heading lower again. Tomorrows employment report could drive rates over the cliff again back towards 1.50%.

Raised some cash today to lock in profits and see how this thing plays out with tomorrows data. If unemployment rate starts creeping back above 9%, we could see some more pain.

The one GOOD thing is that WTI and Brent prices keep getting hammered every day. Brent is ridiculously overpriced at $108 with WTI prices at $86. $100 or lower is almost a certainty for Brent prices.

Stocks and oil have been decoupling since last May. I think we'll see $65 next year for WTI. Cheaper oil will be one of the few silver linings from the tax cliff.
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