I was reviewing some charts this weekend and came upon the point and figure chart of the 30-year T-Bond yield:
OMG! A 0.8% objective on the T-Bond yield??? That would truly be a bond bubble.
Cam Hui is a portfolio manager at Qwest Investment Fund Management Ltd. ("Qwest"). This article is prepared by Mr. Hui as an outside business activity. As such, Qwest does not review or approve materials presented herein. The opinions and any recommendations expressed in this blog are those of the author and do not reflect the opinions or recommendations of Qwest.
None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results. Either Qwest or Mr. Hui may hold or control long or short positions in the securities or instruments mentioned.
Saturday, October 1, 2011
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2 comments:
bubble may persist for years before it plays out to be a bubble. Hindsight is the only exact science.
The market can remain irrational longer than one can stay solvent.
That chart is just stupid.
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