CHARTS_CCI_SYSTEM

[gdl]

All economic indicators are pointing to improvement. A good number of data points are near record highs comparative to this weak post crash economy. The 10 year note is not going up because of any inflation numbers. It is going up because the speech that Ben gave at first was dismissed as propaganda. Now however as the data shows continued improvement each new "good news" confirms the day of tapering is coming.

Do you really think both the 10 year note and the assumption on tapering would happen in a weak environment? Uncle Ben is allowing the yield to rise before the event of tapering. Is 2.8 percent on the 10 year note too much to handle? The proof of how we do in the future is housing data will be front and center. The first affected will be the housing segment.

I personally think that for now the 10 year note is fully priced and will drop soon. if wrong ant it hits 3 percent I would re-evaluate my position.