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David Stockman Heralds The Return Of The Bond Vigilantes: They’re Back!
By David Stockman as originally published on Contra Corner and reprinted here with permission
Most of today's stock speculators don't remember the bond vigilantes and wouldn't even recognize one in the flesh. They were just too scary to have been a character on Seasame Street.
But last night some strange riders were spotted galloping eastward from China and Japan. While their visage may be somewhat foggy to the uninitiated, the boys and girls on Wall Street are about to discover that
Sniff, sniff …. is that boiled frog I smell? Does the phrase “tip of the iceberg” come to mind?
ok now buy the dip!
i.e short the bond now.
i due believe i do smell frog–tasty i hope.
best article on bonds i have ever read (48 years of reading market analyst).
extremely well done.the only question is will the fed let it get over 5%.
please weigh with a guesstimate.
thanks Mr. H.
sb
one question tho.
red or white wine with frog legs?
that was funny guys and gals.
enjoy your trading day.
sb
Boom…………….