Cusick’s Corner 10-17-2012 Midday
Is the test to the upside now in play? Well, after the results coming out the banks and the housing data out this morning, the data is further catalyzing the shift out of bonds and now could be moving into equities. I have written about this in the past — I will keep an eye on the Long Bond, 30yr, and watch the TLT, if this settles below 120.92 and 146.25 respectively, the bond bears might finally see some continuation. See you After Hours.
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