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...
But there is an unlimited about of hot air!!!!!
Thanks Greg, Good Morning LIONS and this is the setup we have been patiently waiting for, so POUNCE IN AND RIP IT OUT!!!