If you’ve been watching any CNBC lately, you’ll know that they are beating the bond market to death. This should come as no surprise since they beat anything that’s moving in a particular direction, and extrapolate that it will continue.
As you know from last night’s video, I wasn’t sure we would reach the lower longer term target right now, but we were certainly getting over sold and due for a bounce.
Between Greece and bonds, they have a full plate.
Since today was a larger than acceptable decline in the stock market, look for a visit from either Warren Buffet or Jeremy Siegel during the morning broadcast. They’re normally brought on to talk bullish and reassure everyone all is ok.
Enjoy tonight’s video