Wednesday, August 1, 2012

HOG breakdown

Harley Davidson broke below a long term trendline this morning. I had been watching HOG as a proxy for the small cap stocks... Time will tell.
Treasury bonds are just scary. Why would anyone buy a 10yr US Govt bond that yields 1.5%?
Fear? A reality of low expectations for asset inflation? I don't know. Perhaps we have not seen the worst yet....


Gold and silver weak this morning as well. I may be that the big chart pattern plays out in a dramatic decline in precious metals....


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