Is this the correction, or a coming crash? First,
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Is this the correction, or a coming crash?
First, long-duration Treasurys (NAR:TENZ) continue to rally despite Fed tapering of quantitative easing and Yellen’s comments on a potential rate hike in 2015. Gold (NAR:GLD) has fallen unrelentingly, almost straight down following a powerful run up so far this year. Momentum stocks, particularly biotechs (NASDAQ:IBB) and those in social media (NASDAQ:SOCL) , have gotten utterly wrecked. U.S. small caps (NAR:IWM) , which have reached historically high valuations, are clearly breaking down, while within the U.S. market, large-caps take the lead.
Has the correction finally started? There are enough things happening behaviorally within the market to consider this. The deflation pulse, which has been a big theme of mine over the past year, remains alive and well. We must all ask ourselves why in the world Treasurys are so well bid when the Fed is stepping away from stimulus. http://www.marketwatch.com/story/is-this-the-...2014-03-27
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