The markets are becoming increasingly unstable and volatile...
This so called Beige Book Rally is just a little nuts...no one reads the Beige Book...or cares what it says...
Note that the volume was light today indicating to me that someone was covering short positions in thin trading...
It is possible that when the Chinese dumped bonds last week...that it took a while for the market to digest this and that caused the spike in interest rates...
But whatever...
I SAY: SELL THE BLIP...! YOU NEVER KNOW WHAT'S COMING NEXT....BUT IT FOR SURE AIN'T ANOTHER SPRING RALLY 'BOUT NUTTIN....
WALL STREET IS BECOMING MORE "DISEASED" EVERY MONTH....NOW THE BEIGE BOOK IS GOOD FOR A 200 POINT RALLY....THAT AND A LITTLE SHORT COVERING BY THE SMART MONEY...
