Panic is back in the markets today. Look at the 1 month treasury, also the 10 yr. We have a full fledged flight to quality again similar to what we had back in August. Dollar hit a new all 40 year low. The Japanese finance minister talk about a full fledged dollar route next year all this while the chance of a fed fund cut for October went from 25% two days ago to 75%. (boy that helps the dollar) Jobless claims moved higher above street expectations.
I have been shaking my head not participating in this rally. Nothing seems to have changed since August and it appears the market is waking up to that fact once again.
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