Interesting.
Stock market is going down . . .
One would think, with QE easing, that interest rates
would go up . . which means the NAV of my bond mutual
funds should be going down. Instead, as of Saturday,
the NAV's for my bond mutual funds was going up.
Which suggests that the 'rich and infamous' can
read the writing on the wall - that the cutback in
Fed bond buying is what has inflated the stock market,
and without those purchases the stock market will
go down . . . so they are bailing out, selling stock
and buying bonds - driving down interest rates and
sending bond mutual fund NAV's up.
Doomed if ya do, and doomed if ya don't.
(Grin and bear it.) Zim.
Mad Poet Strikes Again.
| 