“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Stocks vs. Bonds II
Notice what happens when the spread between the 30 year treasury bond and the ten-year (no fear indicator) diverges from the S&P 500 (in blue). There might still be a long way to go.
