CAUTION! The 10yr Yield Is 3.41%, Rising Rapidly.
From Greg M
Lions and friends…
The 10yr yield is spiking, and I do not like it… Moreover, on the back of this the stock market is dropping.
As you know, FOR YEARS! I have spoken about this very thing happening- that there would come a time when an uncontrolled sell-off in the debt market would occur which would crush global stock markets.
IN MY OPINION A DROP OF 80% WITH THE SP500 FROM ITS ATH IS HIGHLY LIKELY IF THIS KIND OF ACTION IN THE DEBT MARKET CONTINUES…
In my opinion, it is time- as I said in my morning video below, to get defensive with equities/stocks and gain more exposure to commodities.
I have to be VERY careful with what I put out here in this newsletter- as most of you know, someone reported me to the SEC and I am dealing with that.
GM
Not looking for advice, but your opinion , then would holding PDBC also be in that category
Well I've been waiting for this for years. I've got my popcorn, gold, silver, and lead ready for whatever they want to throw at us!