LIBOR Spreads Say, "Bull On"

Spreads between the 1 month and 3 month LIBOR, one of my favorite gauges of market risk appetite are very bullish right now.  Take a look at the chart:

Have  great weekend!

TLT

Wisdom Quote

"Making a few correct calls using only a bottom-up strategy may influence investors to think that they are great stock pickers.  In reality, it's more likely that they have just been on the right side of macro trends without realizing it, such as choosing stocks from a sector that was in favor."

--Fracois Trahan

from The Era of Uncertainty

by Francois Trahan and Katherine Krantz