DAN ERIC BLOG
[Update 8:16PM: Bonds really draws my attention at this time. The debt deal debacle is fascinating from a social mood perspective.
I mentioned after today's big drop in yields and rise in prices, likely bond bulls daily sentiment was near or over 95% as EWI reported it as 93% last night.
Another chart is the stock/bond ratio via Sentiment Trader updated with today's price changes. Its approaching levels seen in the Sep - Nov 2008 panic. This does not necessarily make stocks attractive. You can see in 2008 - early 2009 how the stock/bond ratio rose from that panic low and yet the SPX finished in prices well below at 666. And finally, bond sales can go straight to cash. Hence the dormant dollar could take off big-time.
[Update 8:16PM: Bonds really draws my attention at this time. The debt deal debacle is fascinating from a social mood perspective.
I mentioned after today's big drop in yields and rise in prices, likely bond bulls daily sentiment was near or over 95% as EWI reported it as 93% last night.
Another chart is the stock/bond ratio via Sentiment Trader updated with today's price changes. Its approaching levels seen in the Sep - Nov 2008 panic. This does not necessarily make stocks attractive. You can see in 2008 - early 2009 how the stock/bond ratio rose from that panic low and yet the SPX finished in prices well below at 666. And finally, bond sales can go straight to cash. Hence the dormant dollar could take off big-time.
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