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No reason to be bearish.
mell saysNo reason to be bearish.
2 year at 2.5% is one. It pays more than dividend yield on S&P. Corporate debt at all time high and a lot of it short term that has to be refinanced is two. Oh and someone has to buy all these extra treasuries that results from corporations getting a tax cut. I think that when the deficits will go through the roof, even Republicans might consider rolling back unfunded tax cut.s
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I expect the correction to go down deeper-perhaps at least 22,000+
The last one was savage -2 1000 point dips and then a furious 6 day rally-but a lower top.
I am wondering are we looking 22,000+ and then resume or a larger term decline?