buy the dipscould it be that fund managers are baiting retail to hold the bag on this one.
watching bnn this week they spam a recovery but hold cash positions of 60 - 80%.
BAC, WF have announced 2k layoffs in mortgage business. JPM is next.
higher rates mean layoffs which mean more layoffs, US will try to stop this.
taper next week is going to be critical to the economy.
Syria war has backfired and now all eyes are on debt and 10yr rates.
this is bullish for gold, fear has come off today but its paper price no one is selling physical and only buying more at lower prices.
John Kerry could be the goat on this one as he opened his mouth and ruined the US plans to get attention away from the US.