Greg: Did you see the speculative short positions in long dated treasury bonds ? Hedge funds are short BIG time. Net hedge funds short position is the highest in history of bonds. https://snalaska.us/cot/current/charts/US.png Commercial banks have the largest long position in treasury they ever had! Commercial banks are never wrong. To me it means TLT is going up in near future and $TNX is going down. that means stocks may crash. Of course I will stay away from shorting but I am also not going long. Will appreciate your perspective on this COT position in long treasury bonds.
Greg: Did you see the speculative short positions in long dated treasury bonds ? Hedge funds are short BIG time. Net hedge funds short position is the highest in history of bonds. https://snalaska.us/cot/current/charts/US.png Commercial banks have the largest long position in treasury they ever had! Commercial banks are never wrong. To me it means TLT is going up in near future and $TNX is going down. that means stocks may crash. Of course I will stay away from shorting but I am also not going long. Will appreciate your perspective on this COT position in long treasury bonds.
This market ain't a bubble it's a ginormous hot air balloon of cosmic proportions...