How do like that for a title! Let me flesh this out relatively quickly here. It might end up spanning multiple posts as a result. But, yesterday I promised to follow up on thoughts about market volatility and market directional based on a thesis I am working out. This is where I am going to begin that process.
Momentum stocks as a long duration secular stagnation play
"Effectively, we're so bearish, we're bullish." That is a fantastic summary of the apparent disconnect between the real economy and the stock market.
So if we fall off the fiscal cliff what will happen to long-term treasuries?