Weekend Dedication / Bond Market Effects

September 30, 2016-1:02 pm Stevie The Entry Points Market Blog 0

 

As well as being the voice of Shaggy in the Scooby – Doo cartoons, the great Casey Kasem hosted the American Top 40 radio show. On that show, he used to do “touching” dedications. I would like to continue that tradition. But instead of touching dedications, mine will be mocking dedications. The first one, Don’t Fear the Reaper, was dedicated to the almost 35 year bond bull market. And I will re-dedicate it next month, when on Oct. 26th it has its’ 35th birthday. And the two other dedications can be viewed here and here.

The epic bond bull market started in 1981 when intra-day yields on the long bond hit 15.21%. And yes, I do believe that next decade those yields will be retested. And I also believe that this bond yield chart is the most important chart in the world. The global economy, and most everything on this planet rests on the “theory” that the central bankers can keep long bond yields at these low levels as long as they want. I have zero confidence in their “ability” to accomplish their goal. Supply will eventually overwhelm demand. It always does. I believe the biggest beneficiaries of the LIQUIDITY that will flow out of the global bond markets will initially be PMs and agriculture. (The markets which are further along in their respective ACCUMULATION areas.) And eventually the rest of the commodity complex and the global stock markets will also be huge beneficiaries.

 

 But, gosh, how rude of me – back to today’s dedication. The distinguished George Walker Bush was the 43rd President of the United States of America. Walker was one of the greatest Presidents of all time. But yet to this day there are nasty allegations made about President George Walker Bush, accusing him of being a dumbass. That is untrue and I can prove it. Walker attended Yale University and also Harvard Business School. And we all know that EVERYONE who attends those esteemed halls of great learning is among the best and brightest of us all. I mean look at all the Ivy Leaguers in the Government and the Federal Reserve. And we all know what a magnificent job they have done of managing things. But the worst rumor of them all is that President Bush was not the one who truly called the shots in the White House. The allegation is the real President from 2001 – 2009 was actually Dick Cheney. That is also categorically untrue. So to the unquestionable 43rd president of the United States of America this song is for you.
 

About

Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.

 

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