AFTERNOON CAPSULE: $38 BILLION NEW BORROWING BY THE GOVERNMENT SHOWS THAT THE BUBBLE IS STILL STRONG $DJIA $SPX $NDX $QQQ $GLD $SLV $USO $SPY
This post was published in The Arora Report paid feeds as Afternoon Capsule. To gain an edge, this is what you need to know now. New Strong Bubble Data Point Our subscribers often ask us what to watch to know when the bubble in financial assets is coming to an end. There is a multitude of data to watch. One important data point is the auction of long dated Treasury bonds when the quantity is large. Today $38 billion of 10-year Treasury note auction took place. $38 billion is a large amount for this type of auction. Here are the results: