I think my CAP points can turn positive in a month ...
Stocks made a U-turn this morning. T-bonds also went lower.
Boo! Commodity stocks!
Boo! Precious metals!
The US government wants to Boo Ya!
I don't believe all of a sudden in March that money on the sideline decided to pour into the stock market and started the rally. It was Fed's printing money. Because it was printed, it went to the riskiest ones : Junk bonds and junk stocks. [more]
And it will continue to do so for the next 5 years.