Friday Jan 15 2009
Red and black bars are the TLT a fund of 20 year bond prices. The black line is the SPX. The blue arrows spotlight how each is opposite the other at price extremes. Back at the November low, money scurried into bonds as stocks sank. This has continued to happen at stock lows in November. As stocks rallied in December, bond prices tanked as money moved to stocks. Now stocks are topping short term resulting in a bond rally.
Professor Elam 
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