Thanks for the huge response from around the world, per last Fridays quiz.  Was great to hear from the regulars and was overwhelmed by so many new responses.  I do apologize that the response was so large I fell behind in responding with some of you on Monday.  Below was the quiz from last week (see post here)

A good percentage figured out the top half had something to do with interest rates…most guessed it was the yield on the 30-year bond.


A couple of people picked up that this was actually a continuation of the last quiz posted on 12/9/2011 (see quiz post here)   The last quiz reflected that TLT inverted was on key support, at the same price as the 2009 lows, which was a great place to buy stocks.  


As the yield on the 10-year note (top half above) reflects that the yield remains above the falling support line and if history is a guide, a rally in yields could be a positive might help push the 500 index past its 2011 highs.  Watch TNX (10-year not yield) closely here since rates haven’t rallied a good deal since the last quiz, reflecting that bond buyers don’t seem to be too caught up in the stock rally.  

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past