I recently highlighted the rise in Spanish and Italian government bonds yields. Today they are shooting higher yet again and I'm certain this is a contributing factor to the equity market's weakness, US budgetary problems notwithstanding.
I usually don't mention my trading activity but I sold off an equity ETF position Friday due to this European contagion situation.
boatman says:
ReplyDeletegreg whats up with this number?:
http://www.businessinsider.com/feds-16-trillion-dollar-secret-slush-fund-props-up-our-way-of-life-2011-7#ixzz1TJ4Kkz90