Bending the Third Rail
Because We Should, We Can, We Do
Friday, February 10, 2006
And In Other News
Oh ..... and the yield curve went from flattening to fully inverted today:
Given that this morning the 30-year yield is 4.48%, the 10-year yield is 4.52%, the 2-year yield is 4.63%, and the 6-month T-bill yield is 4.67%, I guess that fairly qualifies as a modestly, but fully inverted yield curve. I stand by my earlier assessment that this is a Not-Very-Good-Sign for the economy in 2006.
Brinker still says to stay in the stock market until S&P 500 is around the mid 1300's. But his last letter sounded a bit shakier.
Written at 3:13 PM by Greyhair.
0 comments