Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

bonds not tanking to prop stock rally today. That may be most important stat.

PS Market is going to be stuck at this level if bonds don't sell off more. Last time bomds reacted this way was mid NOV 2001. By the time bonds stablized, S&P peaked and went sideways then lower as economy faltered in March.