The market was very strong Friday. The Dow was up .63%. The S&P rose sharply, up .72%.
You would expect JNK also to be strong and LQD weak. Instead the opposite happened. JNK was down and LQD up.
What does it mean? It means the bond market did not believe the strength of the market. The bond market could very well be right. Time will tell, of course.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
2009 Market Timer of the Year by Timer Digest
Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analyhttp://www.blogger.com/blogger.g?blogID=4393121024152614189#allpostssis, opinion or advertisement on this site are your sole responsibility.
STRATEGIC INVESTING FOR UNCERTAIN TIMES.
Learn how to manage your portfolio risk and sleep comfortably. Improve the certainty of returns by taking advantage of business cycle trends. Learn to use somple hedging strategies to minimize the volatiltiy of your portfolio and protect it from downside losses.
You will receive your user id to access 4 FREE issues – and all the previous ones - of The Peter Dag Portfolio. Email your request to email@example.com. New subscribers, please.