Death to Bonds???

The S&P is still holding 1100, so I will not be posting any micro EW counts until we get a trendline confirmation break to the downside.

What I will do tonight is borrow someone else's work. Someone named Daneric posted a very nice technical chart of the 30 year treasury bond, for the last 20 years. http://danericselliottwaves.blogspot.com/


He simply, elegantly, and perfectly states, "This one chart holds the entire world's Ponzi system in place." This statement is soooo incredibly true. A break of this Bond Bull market will force interest rates to rise, will dry up the last available credit liquidity, and will crush all.

Well said Daneric.