More Bond Traders Coming...

Even though the Dow retreated over 200 points today, this move is nothing more than a sideways movement totally within yesterday's trading range. Something really unique happened today which gives more support to my recent observations of the bond market. The US treasury actually issued 0% yield T-bills today! Yes, T-bills are now not only zero coupon but zero yield as well. Buying them is as good as burying your money in the backyard! That is how hot the bond market is right now. With totally no yields on the table and stocks at extremely attractive prices, there is no doubt more bond traders would be moving back into stocks soon. When they do, bond prices will definitely fall through the roof as the "bond-bubble" burst. We can all benefit from that by taking a toe dip into an ETF known as the TBT which tracks the inverse of long term bond prices. Looks like the Dow's long term support level, which it is at now, could be a strong one.