A focus on Treasury yields moving into 2017
Today with Doc we take a look at the moves we saw in the bond market through 2016 and what that means for 2017. Investors became so complacent in the first half of this year on treasuries that the major reversal looks like a trend change. there is a good chance next year yields will remain in a higher range.
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2017 is going to a be a big year for Alexco as the Lucky Queen, Flame & Moth, and Birmingham deposits feed into the Bellekeno deposit and mine. Cheers!
How many decades have the bond bears been calling for the end of the bond bull market?
The streets are littered with all the bond bears.
The bond bull market will never end.
It can’t
If it ends the curtain comes down.
The bond bull market will never end.
Doc, why don’t you start a paid service?
It could be called Doc’s economic prescription.
I will work with you.
I’m serious
Thanks, James—if I did that, I would then complicate my life with more finances—-the thought has been suggested by others—I’ll ruminate about it for awhile.
Don’t do it, Doc. It might give you a heart attack.
Don’t suck the Dollar DOC don’t ! Cory need you !
Cory is Al Koreline ok ? Him don’t com on the block soo much ?
Doc,
You are a good man and you care about people.
You have spent much of your life as a physician. You have healed people.
You know impart wisdom and timely advice which allows the enlightened to a path of economic self-improvement.
When you charge for this information, you cease being a guiding light, or a night watchman. You become a guy collecting money for providing a service. Then, you become more concerned with being right, you may begin second-guessing yourself. Once that happens, once the pressure is on to perform, your perspective is likely to change.
I will finish my thought…..
you may be more concerned with being correct and less concerned with simply reporting what you see. It is a difficult transition. It was for me, that is for sure. Always made money on my own. Once others entrusted me to do the same for them, and the pressure to perform as on, I fell absolutely flat on my face. Not a pleasant experience.
Rand, I agree. DT
Great points Rand.
VIX climbing; just took out 200 day and 50 day averages today. 14.63 now.
Here’s some free, good sense commentary from Adam Hamilton for those who think your bull profits are secure: There is still 5 minutes trading to secure them!
“The stock markets’ lofty valuations before the Trumpgasm and bubble valuations since are a very serious problem that can only be resolved by an overdue major bear market. Only that will drag stock prices low enough to where existing and future corporate earnings will support reasonable valuations again. Realize as well that the Republicans now dominating government have every incentive to let stocks fall in 2017.
As Trump often pointed out, they know stocks are dangerously overpriced due to their artificial levitation by the Fed in recent years. The sooner the inevitable stock bear to fix this begins, the sooner it will end. There is a narrow window here where the stock bear can still be blamed on Obama’s policies. There’s no doubt the Republicans in power want it out of the way before the 2018 elections and especially the 2020 ones.
Early in new presidencies is the best time politically, the least damaging, to see weak stock markets. As Republicans now control the majorities in both the Senate and House as well as the presidency, they have huge incentives to get the overdue stock bear out of the way as soon as possible. That way they can ride the subsequent bull into the next elections. So Washington’s support of this fake bull is likely finished.”
Alexco:
http://www.alexcoresource.com/s/news.asp?ReportID=773075