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Tuesday, June 11, 2013

Market Will Make New Lows Soon

In spite of the Federal reserve buying 85 Billion worth of bonds  per month in the last 9 months,
the interest rates have been going up. Soon the 10 year bond with hit 2.5% before some correction. What happens to 30 year mortgages? The interest rates are going up and will result in home sales going down.

The jokers on wall street are predicting higher stock prices. They are now fully invested and they want everybody else to get  sucked in.

Tokyo market is in a bear market and European markets are going down steadily. Indian rupee hit a new low against the dollar and so is happening with other currencies.

The currency wars are on. Gold  can  hit new lows against the dollar soon.

In the last 3 days, the markets went up but most of the stocks did not participate in this rally. 

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