Robert Prechter on Capital Account

Robert Prechter was interviewed earlier today on Capital Account, available on YouTube:

The main takeaway beyond Prechter's usual themes is that the DSI on US bonds has it 97%, and that Prechter predicts that this is the end of the more than 30 years long bull market in treasuries.

I, too, believe we've hit at least a short term top on treasuries, and will look to short them for a short-term trade. But looking back at Japan, I wouldn't bet the farm that the top is in, and that the bull market is over. I'd actually think that the bull market can last a few more years. As usual, I will allow myself to change this forecast along with the market action.

No comments: