Quote from Whistlingleaf:
@Fatt fair points
The one thing I'd say is that the Dems can't control foreign debt markets from cracking and there are a whole host of current problems that are ahead of us unlike in 2006 when the ship was full steam ahead.
Also don't underestimate the Fed's $1.25 trillion program which was buying up all the mortgage-backed securities issued by FRE and FNM which just ended and was keeping rates artificially low.
Some corporate debt has lower yield then govt debt now ... that can't be a sign that all is well IMO.
How have the markets handled the Greek crisis, that says it all. All bad new will be ignored until after the election.
These are just my thoughts, know one has to believe them, only time will tell. I expect some give back in May-June.
