Folks, go check out my chinese blog http://www.cigstockchart.blogspot.com. Then add one more good reason on the following:
$165 billion in Treasuries for sale in the next week?
$31 billion in 3-month bills
$27 billion in 7-year notes
$40 billion in 2-year notes
$37 billion in 5-year notes
$30 billion in 6-month bills
Annualized this is $8.58 trillion dollars!
Now obviously they won't keep doing that for the next 52 weeks (one hopes) but you have to be smoking something if you think the market can continue to absorb this sort of supply and shrug it off.
My comment: Opps, big selloff is coming next week!! Watch out folks!!
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