Well here we are 5 months later and now all of the wildly overpaid morons who were calling for a bond market crash, right into the lows, are now the same ones being asked for their wildly overpaid “opinions” about where bond yields are going. If you want to lose money in markets, then I highly recommend you start following what the consensus, herd idiots say about markets. Because in early December 2016, they were all bullish on the “Trump trade” and completely freaked about the “bond market crash”, right at the price lows. But on December 1st, 2016, I did this post saying I’m buying bonds (and covering a profitable short in QQQ). So now they’re beginning to get bullish on bonds again, as we have blasted to 5 month price highs. There can be much more bullish consensus still, but this is a horrible place to buy bonds.
And on January 27th, the wildly overpaid ones were bullish on Euro banks, right at the highs, when I left this comment, with the original chart:
“Of all the single banks in the world for its’ ability to cause disruption is not DB or others, but I continue to believe it’s Credit Suisse – here are the European traded shares.”
The body of evidence that you’re accumulating regarding your positions in contrast with the common drivel coming from “blind leading the blind” gurus…really inspires confidence in what you’re offering. Keep em coming.. thanks Scott!
Thank you bro. We value all of you guys and gals a lot. I believe this website is a different breed. As actual traders ourselves, we’re trying to just give the approach which works overall. Which means no biases, no emotional crap about QE and manipulation, no constant, stupid calling for crashes and breakouts. No using emotional political, economic, military news to be used as an excuse to buy gold at the very worst times.