My view:
Charles Biderman makes me chuckle with his jolly way of discussing the folly of central banks and the US treasury.
What is totally crazy is the thought of how a 2 year bond increased in value by a factor of 11 in only 4 years!
While the market has rallied strongly the past two days, I remain bearish in the long term.
Took a position in an inverse ETF today for protection with a tight stop (in case I'm wrong, Bernanke flips the QE switch on Tuesday and miracles do happen!)
Have a nice weekend.
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