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Richard's Remarks


According to the front page headline in Saturday's New York Times, "As Worries Ebb, Small Investors Propel Markets." The article begins, "Americans seem to be falling in love with stocks again. Millions of people all but abandoned the market after the 2008 financial crisis, but now individual investors are pouring more money than they have in years into stock mutual funds ...."


This has resulted in parabolic advances in most of the leading stock averages and indices. Some analysts are referring to these frantic moves as "melt-ups."



More items to worry about (Gad, am I a worry wart). I'll start with this chart of the yield (the rate) on the bellwether 10 year T-note. This all-important interest rate directly affects mortgage rates. What we see here is a little flag pattern. The interest rate has gapped up and out of the flag, while MACD has turned higher.





Because the interest rate trend is so ... Log in or subscribe to continue reading.

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