Wednesday, November 26, 2008

Buying More Treasuries

After a two-day hiatus, I am buying treasury futures again. Fear still drives the markets. I personally an convinced that eventually, treasuries will be sold of in a panic as investors realize that the bubble of debt of the United States government will never be paid. However, my technical indicators will tell me when is the best time to sell. I will be one of the first ones to head for the exits! For now, however, like many others, I am buying treasuries!

The daily chart is shown below. Treasury prices are at the highest prices of the year, and the short-term treasuries are near negative yields!