The yield on the 30-year bond hit the 2008 financial crisis lows back in July of this year, potentially creating a double bottom in yields, four years later.  Since the potential double bottom, yields have been creating a series of higher lows.

Now yields are attempting to break another falling resistance line at (3) in the chart above.  Should we “listen” to bond yields?  Are they suggesting a positive message  about the stock market and the outcome of the “fiscal Cliff?”  They suggesting lower bond prices, regardless of the message?


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