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To: Henry J Costanzo who wrote (130547)3/10/2006 1:25:37 PM
From: chainik  Read Replies (3) | Respond to of 209892
 
<And THAT tells you something about the trend of equities.........???...>

It does, and I thought it is trivial. Higher yields will kill the market IMO. If one can get 5-6% risk-free, why gamble on S&P or NDX?

TNX is inversely correlated with major indexes. Two tradable market bottoms in 2005 (April and October) coincided with TNX peaks. IMO the rates are going up (this is just a speculation based on COT).