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Our favorite bond guru Jeff Gundlach says he does not believe the Fed will raise interest rates this year.
"If the Fed doesn't raise rates, that's bad for the long bond because the bond wants it to tighten. And it's positive for stocks because stocks love their friend, zero interest rate policy" http://www.cnbc.com/id/102695095
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
By the way BullBear52x, this was a great call on Tuesday:
BullBear52x wrote:One more warning chart, it's fearful market, with RSI of this chart closed >50, down market directional is to be expected. lets wait until the close for this setup.
Out of Bounds wrote:By the way BullBear52x, this was a great call on Tuesday:
BullBear52x wrote:One more warning chart, it's fearful market, with RSI of this chart closed >50, down market directional is to be expected. lets wait until the close for this setup.
My comments are for entertainment/educational purpose only. NOT a trade advice.
bear flag breakdown so we have mm. don't believe 100% mm target though.
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