Cusick’s Corner 10-10-2012 Midday
The pressure continues after a disappointing forecast from AA last night in spite of a beat on the earnings side. I have been monitoring the action in the Bonds, TLT, to see if the decoupling was continuing (where equities and bonds are moving both to the downside). But we see today that the Bonds are rallying which could be a red flag at this stage for equities. The energy markets, XLE, are trading like a coiled spring that is getting further compressed. I am … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards