Friday, December 19, 2014

Yellen's Clawlessness Leaves Bulls Confused

December 19, 2014
Yellen Claus rally leaves bears Scrooged - Jeff Macke

Once again this year the optimists are the ones making the money. With a few notable exceptions that's always the case.

Of course, the notable exception for 2014 would be those who were not optimistic and chose instead to embrace long-term treasury bonds!

Find a little Christmas cheer and trade the market you have, not the one you think should be.

The market we have is one in which the bears sitting in TLT (long-term treasury bond fund) made 28% in 2014. Optimistic investors sitting in stocks, not so much.

It is extremely rare to hear someone on CNBC say, "You don't want to miss out on the rally going on in treasury bonds." And yet, they say it all the time concerning the stock market. And do you know why that is?

It is common knowledge that interest rates can only go up. It was true in 1982 and it is still true today. Let's say it again to reinforce the propaganda.

Interest rates can only go up from here!

That's the market everyone thinks should be, not the one we have had.

September 9, 2014
Gundlach Doesn't Think Yellen Wants To Raise Rates

Gundlach talked a bit about the rally in bonds this year, and wondered why market participants never ask if they should be buying the rally in bonds the way people ask about buying the rally in stocks.

You da man Gundlach! It's a long article filled with interesting charts and opinions. Well worth your time! That's especially true if you assume the bears got scrooged in 2014. Seriously. That's forehead meeting desk repeatedly style confusion. Allow me to demonstrate.

Forehead. Desk. Whack. Whack. Whack.

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