I'm thinking a little more than a correction . But I see first long term support at 128 to 132. Could be a good short.

JMHO

Higher interest rates ahead???

"Higher interest rates ahead?"

That is what every talking head says.  And although it makes logical sense and is certainly plausible, I'll never go with the crowd.

Also consider there Fed's role in all of this.  We've had ZIRP for 11 years and I don't see that going away anytime soon.

i think we have seen the highs in the bond market (the lows in rates).   just my opinion, but i think the bond bull is dead.  (of course i have said that before).  

i wanted gridlock in dc.  without gridlock,  it is less likely we will get have pro growth policies.  

the bond markets should reflect large deficits with less growth.  so maybe bond investors will want higher yields to compensate.  

yes, it is true to say that dems traditionally have not racked up debt any more than the pubs.  

Thinking a bit of "turn around Tuesday" for today's action maybe