Suggested to buy bonds TLT & IEF on 4/14, in the weekly quiz. (see post here). Am harvesting the bond positions at this time (this doesn’t mean that I am negative on them though!)
Crude Oil….The decline today has taken Crude down to a key support line, that started around $40 per barrel!
Can’t help but think this decline will be viewed as a positive in some ways…to the Transportation industry for a while for sure!!!
Back in 2008 this decline was good for a while as well, then the “GREAT ESCAPE TOOK PLACE!” (see post)… Keep an eye on Crude to see if the liquidation in this complex spills over to any other areas and the great escape takes place again!
