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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« Attempting to Bottom | Main | Newspaper Column April 20, 2014 »

April 17, 2014

Market Takes Defensive Tone as we Pass Tax Day

Thursday April 17, 2014

I suggested bonds would come down if stocks rallied, Well stocks rallied yesterday but the Bonds, and Utilities did not come down. 

Screenshot 2014-04-17 06.05.57

TLT a fund of 20 year government bonds is represented by the red and black bars. Note TLT is holding its high ground, with RSI still climbinb. Meanwhile the QQQ, the NASD, jumped niocely yesterday. That is not tenough to really negate the recent downtrend, but it did bounce above the February low. 

Utilities and energy also bounced. We have consistently noted Energy was the last to bounce in  2008. 

We are now in the same time frame as a year ago when gold collapsed. The cuation the market is showing toward risk is worth remembering as we near the After May Go Away Time Zone. 

More to follow. 

Posted at 07:11 AM in Bonds |

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