My last post addressed how the news and gossip that I read sound very upbeat and positive about the markets. This is a good sign that the smart money might be ready to take some profits. Correct me if I'm wrong, but this rally/correction to the bear-correction may soon be ready for its own correction.
Some say that the bond market contains the 'adults' of the markets, and bond prices are rising. Isn't that a sign that we might be in for some more bad days in stocks? There are all the reasons, FED Watch, Oil prices, housing, etc.. but the fact remains that bonds are rising.
Even this morning, the local Orlando news had a story of realtors admitting that the soft landing is going to be harder than previously thought. They expect the slump in sales to bottom next summer. But they were wrong about the landing (or just didn't want to admit it), so I take their word with a pinch of salt.
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