by Lee Adler, Wall Street Examiner
The selloff in Treasuries last week reminded me of a great song from my childhood.
I just changed the words a little:
Traders on Wall Street,
Get some quick feet
When they do the QE stomp.
Really somethin when the yields start jumpin
When they do the QE stomp.
Whoa oh!
It started in Congress
With a Bernanke show
But he gave a wrong answer
Then the yields did blow.
They started sellin.
Oh, what a sight to see!
The yields are jumpin and the banks are dumpin
When they do the QE stomp.
Really somethin when the yields start jumpin
When they do the QE stomp.
It gets that panic feel.
You know you know it’s real.
You better sell.
You know it well.
If you decide to wait.
Then it will be too late.
Oh my.
Oh why oh why.
If you don’t do it now
You’ll get hit with a pow
And your cash will be all gone
All gone!
The yields are jumpin and the banks are dumpin
When they do the QE stomp.
Really somethin when the yields start jumpin
When they do the QE stomp.
Whoa whoa
Repeat and fade.
ΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔ
[video:youtube:gxKQ8xGBOSg]
ΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔΔ
Actually, the banks have been dancing out the back door for the last 1o months.
Click to enlarge
Chart Credit: Investing Simplified, by Ben S. Bernanke- Wall Street Examiner Professional Edition 5/22/13. I update the chart weekly in the Professional Edition Fed and Treasury Reports.
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