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RE: (VIDEO) Important Updates: Stocks, Bonds, Gold, Silver, US Dollar. By Gregory Mannarino
Greg, you should definitely trademark "bet against the debt". I am watching the bonds and seeing some gaps in the TLT chart this week. I am guessing those gaps will fill in the next few weeks and we could see a 1.90 for a 10yr yield. Taking a solid mortgage application is a needle in a haystack right now despite the numbers reported this week. This is an indicator for lower rates unless the bubble is about to pop, right?
Greg isn't betting against the debt...he's chasing the sectors that are being driven by money coming out of debt instruments. Remember, on the Tue after Labor Day he was chasing a gapdown in the QQQ with a new short position. Now Greg is "caught in the middle" on his gold and silver trade....but he wants you to chase the stock market. Just the fact that Greg is now saying to buy the market "should" answer your question about the bubble in the stock market popping. If you can't figger it out now...lose the suit and tie...you won't make it that far up the corporate ladder anyway. Relax....have a beer.
Joe, how is money coming out of debt instruments when the debt is always expanding? You mean the FED buying fewer bonds is money coming out of debt? You assume way too much from my picture.