June 10, 2016
TheStreet: Unprecedented ‘Flight to Safety’ a Major Warning for Global Stock Markets
The 'flight to safety' into U.S. Treasuries, gold and gold shares and utilities for their dividends has become unprecedented, which is a major warning for the stock markets around the world.
Never, in all my years, have I seen such a flight to safety!
The S&P 500 is off a whopping 2% from its all-time high! Inconceivable!
Money is pouring into Treasuries like it has for 35+ years! Inconceivable!
Gold and gold shares are being bid up yet again! Inconceivable!
Utility stocks, almost always popular for their dividends in spite of their debt, are popular yet again! Inconceivable!
In all seriousness, if this is what an unprecedented flight to safety looks like, just wait until there's an unprecedented panic to safety, lol. Sigh.
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