Wednesday, October 12, 2011

Wednesday start

Greek bonds lose value every day, yield on the one year is nearing %160.  The AIG look alike goes to Italy where it's bond yield refuses to go down too.  But with this people are flying out of US Tresuries, 10 year yields from 1.71 on Sept. 22 to 2.2 today, and all that money is going to stocks and Oil.  Where this rally stops I'm not sure.  As the Yahoo headline says, "Stocks Rise on Hopes for Slovakia Deal on Rescue."  If the US market is moving based on Slovakia we're already in trouble.

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