May

6

One admires the way bonds have gone up 6 days in a row "very quietly" as Grandpa Martin would say to a 6 month high in a clear manifestation of gestalt theory, the theory of least observable differences, the frog in hot water theory, and how to inflict maximum pain on one side of the market, the shorts, without giving them cause to jump off the bandwagon. And also, how the bonds predicted the decline in commodities.


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